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Day: September 27, 2011

Ivanhoe Mines pushes back at Mongolia over copper mine – by Brenda Bouw (Globe and Mail – September 27, 2011)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

MINING REPORTER- Canada’s Ivanhoe Mines Ltd.is battling back against moves by the Mongolian government to secure a larger chunk of the promising Oyu Tolgoi copper-gold project, but investors are bailing out.

The Vancouver-based miner said it expects Mongolia to honour a 2009 investment agreement giving the country a 34-per-cent stake in Oyu Tolgoi for 30 years. Ivanhoe holds the remaining 66-per-cent interest. The company’s stock lost about one-fifth of its value on Monday before recovering about half that loss to close.

Ivanhoe shares were already under pressure, falling nearly 20 per cent last week as Mongolia started to signal its interest in upping its stake to as much as 50 per cent.

Ivanhoe said the existing ownership agreement of Oyu Tolgoi is legally binding and “deserves and requires the unqualified support of all parties.” It also warned that revising the deal, signed after six years of negotiations, could harm Mongolia’s reputation as a desirable place to invest.

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Extremists’ oil protest puzzling – by Ezra Levant (Toronto Sun – September 27, 2011)

The Toronto Sun is the city’s daily tabloid newspaper.

On Monday, about 250 environmental extremists from across Canada and foreign countries travelled to Ottawa to protest oil. Plus a couple of dozen “journalists” from the CBC, there to cheer them on.

Greenpeace, the $350-million per year multinational corporation headquartered in Amsterdam, was one of the organizers. So was a group called U.K. Tarsands Network.

So, foreigners. Foreigners telling us what to do here in Canada — and boasting about trespassing in secure areas of Parliament Hill. Try that in Saudi Arabia. Or Iran. Try that in the United States, post-9/11.

These foreign meddlers pick on Canada precisely because we are the gentlest country in the world. And it would be too tough to try to protest in Iran or Saudi Arabia. The Saudi embassy is just a few blocks away from Parliament Hill, right on Sussex Dr. Saudi Arabia is the biggest oil producer in the world. They have the biggest oil reserves in the world. If this protest really was about oil, why didn’t they go there?

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Ottawa’s ‘ethical’ oil-sands campaign heats up – by Campbell Clark and Nathan Vanderklippe (Globe and Mail – September 27, 2011)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

Ottawa and Lincoln, Neb.— A global battle over the reputation of Alberta’s oil sands is coming to a head. Ottawa is deploying heavy diplomatic guns, on both sides of the Atlantic, to the debate over whether it will be treated as an ethical source for a world that needs oil, or a polluting pariah.

Stephen Harper’s chummy relationship with British Prime Minister David Cameron has begun to yield a friendlier view toward the oil sands, a potential influence in the fight over European standards that could label Alberta oil dirty.

In North America, meanwhile, public protests and diplomatic lobbying are intensifying over the Keystone XL pipeline, which would carry oil sands bitumen deeper into the United States.

Canada’s ambassador to the U.S., Gary Doer, travelled Monday to meet the governor of Nebraska, where pipeline opponents are geared up for public meetings on Tuesday. In Ottawa, hundreds of activists converged on Parliament Hill for protests organized by environmentalists, unions and native leaders – before dozens climbed a barrier fence and were removed by police for trespassing.

While tactics shift, the debate has crystallized:

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Yes, we have the $25-million,’ Quebec firm says of asbestos plan – by Julian Sher (Globe and Mail – September 27, 2011)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

MONTREAL – A year ago, over a lunch of oysters and fine wine at a posh downtown restaurant, Baljit Chadha held himself out as the potential saviour of Quebec’s faltering asbestos industry. This week, he plans to deliver.

Days before a provincial government deadline this Saturday to find private funding for the Mine Jeffrey in Asbestos, Que., the wealthy and well-connected Montreal businessman says he has “letters of intent” from unnamed investors in three different countries – enough to breathe new life into an export trade critics decry for causing death.

“I have done a lot of soul-searching on this and have come to a conclusion that we are not exporting death,” said Mr. Chadha, who combines an almost evangelical fervour for asbestos with the clout needed to pull off his controversial plan.

Mr. Chadha, whose company already handled much of the mine’s asbestos sales to his native India, offered to buy the mine outright in August of 2010, for “tens of millions.” But to clinch the deal, he had to secure an additional $25-million from outside investors while the Quebec government kept the mine afloat with a $58-million loan guarantee.

“Yes we have the $25-million,” he told The Globe and Mail.

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Going deeper underground [Guatemala mining conflicts] – by Lyndsie Bourgon (Corporate Knights Magazine – Fall, 2011)

Corporate Knights: The Magazine for Clean Capitalism is a quarterly Canadian magazine dedicated to the promotion of responsible business practices within Canada and the advancement of social and environmental sustainability worldwide. (wiki)

In Guatemala, victims of human rights abuses involving Canadian mining companies are left to pick up the pieces. At home in Canada, company lawyers skirt around questions of accountability, and justice ultimately falls through the cracks.

Gory Wanless sits at his desk in downtown Toronto, flipping through photo after photo of burning huts and maimed bodies. He points out where Adolfo Ich was hacked in the arm with a machete before being shot in the head, and where the home belonging to one of 11 women allegedly raped once stood in Lote Ocho, a small village in Guatemala.

Wanless, a lawyer at Klippensteins Barristers and Solicitors, is working on two cases that have implicated Canadian mining company HudBay Minerals Inc. and its subsidiary, HMI Nickel Inc., in serious human rights abuses in Guatemala. Both cases concern Guatemala’s CGN security forces, employed by HMI Nickel. In Choc v. HudBay, it’s alleged that security personnel shot and killed Adolfo Ich, a well-known Mayan Q’eqchi community organizer, in public and in broad daylight on September 27, 2009.

His wife, Angelica Choc, has brought a wrongful death case forward against HudBay. In the other lawsuit, Caal v. HudBay, it’s alleged that CGN employees, the Guatemalan army and police took part in the gang rape of 11 Mayan Q’eqchi women during the forceful eviction of their homes in Lote Ocho. The women are suing HudBay for negligence.

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Growth plan to include all of Northeast – by Wayne Snider (Timmins Daily Press – September 27, 2011)

 The Daily Press, the city of Timmins newspaper. Contact the writer at news@thedailypress.ca.

Northeastern Ontario Municipal Association (NEOMA) representatives provide input into pilot project

COCHRANE — The two urban centres targeted by the provincial government to pilot the Northern Growth Plan are making a concentrated effort to include all areas of their regions in the project.

The government selected Thunder Bay and Sudbury to begin the plan. Both groups are including input from Northwestern and Northeastern Ontario communities respectively for a broader based plan.

Sylvia Barnard, president of Cambrian College, was at Saturday’s meeting of the Northeastern Ontario Municipal Association (NEOMA) in Cochrane. Her discussions with NEOMA was just one of a series of meetings with regional groups to get input to define a model for Regional Economic Development Areas (REDAs).

“When we heard from sister communities, the feeling was ‘here we go again, Sudbury gets everything,'” Barnard explained. “But we wanted to see consultation from across Northeastern Ontario from people involved in economic development.”

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Northern [Ontario] leaders are determined to be heard – by Wayne Snider (Timmins Daily Press – September 27, 2011)

 The Daily Press, the city of Timmins newspaper. Contact the writer at news@thedailypress.ca.

“The North has the potential to be one of the wealthiest
regions in the world. Yet we are not permitted to realize
the full benefits of our natural resources — while the
federal and provincial government rake in big time tax
revenues. (Wayne Snider – Timmins Daily Press)

Tired of being ignored by provincial politicians

Municipal leaders in Northeastern Ontario are hungry for political change at the provincial level. But the change they desire is over and above what happens in the Oct. 6 election.

They want the North to be taken seriously in Queen’s Park. It is a tall order, given the fact that only 11 of the 107 seats in the provincial legislature are based in Northern ridings. In terms of voting support, which is what political parties really care about, the North isn’t a significant player at the provincial level.

That is why policies — such as the Far North Act and the Endangered Species Act — get pushed through despite vocal protests from Northern municipalities. Both of these acts will limit economic growth in the North.

In the case of the Endangered Species Act, specifically the protection of caribou habitat in areas where the animals haven’t been seen for 60-80 years, it will mean economic regression for the forest industry.

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