What do the mining watchdogs see?
This article appeared in the Toronto Globe and Mail's special "mining investment" supplement ahead of the 2018 Prospectors and Developers Assiciation of Canada convention. Ugo Lapointe is quoted and Catherine Coumans is also quoted, including this: "What we really need is regulatory change and policy change that will allow us to hold parent companies in Canada to account for what their subsidiaries overseas are doing."
The Chilean government has ordered Barrick Gold Corp. to close all surface facilities at its Pascua-Lama project high in the Andes mountains. The gold mine, which straddles the Chile-Argentina border, has been criticized for threatening water supplies and glaciers. JORGE SAENZ/THE ASSOCIATED PRESS
PUBLISHED FEBRUARY 27, 2018, UPDATED FEBRUARY 27, 2018
First, some perspective.
There are thousands of Canadian mining companies and thousands of Canadian-affiliated exploration projects in different stages of development around the globe. In Canada alone, there are roughly 150 to 200 mines in operation.
Then there is MiningWatch Canada, which provided the numbers above. It is a watchdog organization in Canada devoted to covering these thousands of Canadian mining interests domestically and worldwide.
It has a staff of five.
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