Posts Tagged ‘Yamana Gold’

Power, and Barrick Gold, corrupt: they take the gold and leave the cyanide

Sunday, August 31st, 2014

gold_barrick[Translation of an article from El Clarín of Santiago, Chile, for August 25, 2014. See original here and go here for more information.]

By Alicia Gariazzo

Eighty percent of the gold produced in the world is for jewelry. Supplying the gold for a wedding ring takes 18 tons of earth and leaves 12 cubic meters of waste. The low-grade mineral that is dug up is sprayed with a solution of cyanide, which releases tiny particles of gold as it lixiviates, or filters through. The waste cyanide is carried away in water through pipes to the tailings dams. The dams are left uncovered so the cyanide can disintegrate and the water can evaporate. Close to 100 toxic chemicals and heavy metals are released as the cyanide breaks down.

They remain intact after the process and they cannot be removed from an area several kilometers in diameter. One teaspoon of a two-percent solution can kill an adult. The method of lixiviation, banned in Canada and throughout the industrialized world, requires 180 tons of cyanide a month, which, since it is imported, has to be transported over land from the ports of entry. Another method, used less often, is amalgamation based on mercury. Modern dentistry now prohibits the use of the amalgam in teeth because of the secondary effect the mercury produces, even in small quantities. (more…)

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…)