Posts Tagged ‘Goldcorp’

Foreign companies double extraction of Mexican gold in six years

Tuesday, July 24th, 2012

[Translation of an article from La Jornada of Mexico City for July 24, 2012. See original here.]

by Israel Rodríguez

The production of gold in Mexico, dominated by foreign companies, most of them Canadian, has increased by 100 percent in the current administration, increasing from 43.7 tons in 2007, the first year of the Felipe Calderón administration, to 87 tons in 2011. The Canadian company Goldcorp Inc. became the largest producer of gold in Mexico, according to preliminary reports from the Cámara Minera Mexicana (Camimex).

The uncertain environment of the global economy, with low interest rates, a weakened US dollar and the currency war, kept gold in the state of shelter for large investments, which also hastened the opening of new mining operations and sparked investment in exploration for the metal.

The price of an ounce of gold rose from around 700 dollars in 2007 to 1,851 dollars in July, 2012, which translates to an increase of 164 percent. (more…)

Resurgence of gold fever endangers forests and peoples of Latin America

Monday, May 14th, 2012


((Construction of a road leading to deposits of gold, silver and copper in Trou du Nord, Haiti — AP photo))

[Translation of an article by Agence France Presse as published in La Jornada of Mexico City on May 13.  See original here.]

A resurgent gold fever has put Latin America at risk: tropical forests devastated by illegal operations where the law of the jungle rules, local communities at war against investment projects by large international mining companies.

The appetite for gold and other metals has generated a boom for informal mining, especially in Peru, Colombia and Bolivia, and put the formal industry at a peak, with projected investments of 300 billion dollars by 2020, according to the Sociedad Interamericana de Minería.

Regardless, 162 conflicts over mining have broken out all over the region because of the opposition of local communities to projects they see as threats, especially because of their great consumption of water, according to the Observatorio de Conflictos Mineros de América Latina. (more…)

Mexico: Canadian mining companies accused of bribing officials, rousing violence

Friday, September 16th, 2011


((In a Canadian owned mine in Oaxaca -- La Jornada photo by María Meléndez Parada))

San Xavier and Blackfire said to have forced repeal of laws they had violated

[Translation of an article from La Jornada of Mexico City for September 15. See original here and related article by Mandeep Dhillon, mentioned below, here.]

Canadian mining companies are not only the prinicipal producers of gold in Mexico but are also those most often involved in social and legal conflicts. Currently, of the 279 foreign corporations involved in mining, 210 are Canadian, with concessions in 26 states.

The Canadian firm Goldcorp is the number one producer of gold and in 2010 it extracted 680,000 ounces in four mines. At the same time, Minera San Xavier, owned by New Gold, which operates in Cerro San Pedro, San Luis Potosí, without environmental permits, in that same year attained production valued at 145.6 million dollars, according to information from the Cámara Minera of Mexico. (more…)

A slow and certain threat in El Salvador

Saturday, April 2nd, 2011

ContraPunto photo

[Translation of an article from ContraPunto of El Salvador for March 27, 2011. See original here.]

By Gloria Morán

San Salvador – Years ago fishing became the livelihood for the family of Don Maximiliano Figueroa, now past his 70th birthday. His means of support could now be threatened by mining. He lives in the hamlet of Las Cuevitas, in Metapán, Santa Ana.

The hope of catching something that might help feed him and his family knows no time of day. In the morning or in the afternoon, boats come and go on Güija Lake. (more…)

Dominican Republic: Barrick Gold mine workers begin protest

Wednesday, June 9th, 2010

[Translation of an article from Listín Diario of Santo Domingo for June 8. The oldest European gold mine in the Americas, first worked by Spaniards in 1505, in Pueblo Viejo, outside Cotuí, 100 kilometers northeast of Santo Domingo, was reopened in 2007 by the Canadian multinational Barrick Gold, which controls 60 percent of the operation, the other 40 percent being owned by another Canadian company, Goldcorp. The operation has been the target of considerable protest by environmentalists and others, including rice farmers, who charge that pollution of the water supply makes farming in the area impossible. Some 3,000 Dominicans demonstrated against the mining operation in April, including a group of youths who marched 100 kilometers from the capital.]

By Andrés Vásquez

Pueblo Viejo, Cotuí — Hundreds of employees of the Barrick Gold mining company are making several demands, including overtime pay, salary increases and  medical insurance,  among others.

The protests began yesterday afternoon and today, when the company failed to provide the workers with transportation to the work site, the employees arrived on foot and in private vehicles to gather at the entrance, where they also demanded that the company improve food services… (more…)