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2 Comments
C-noteThe mining company extracted $8 Billion in gold and the government (tax payers) is picking up the tab of $934 Million for remediation over the next 100 years for something that does not have a half-life or decays. Regulations, the rule of law, right and wrong really doesn't matter to those who profit.
Sagemind"In the summer of 1935, C.J. "Johnny" Baker and H. Muir staked the original 21 "Giant" claims for Bear Exploration Company. The claims were on Great Slave Lake's Back Bay and along what is now the historic Ingraham Trail.
By 1937, Yellowknife Gold Mines Ltd. acquired Burwash's assets. From these, the subsidiary Giant Yellowknife Gold Mines Ltd was created. The company fell on hard times and by 1940, operations eventually came to a standstill. Frobisher Explorations took over the site in 1943. However, the advent of World War II halted the operation once again. Gold was not a priority in times of war, and there was a shortage of men to work the site.
Soon after the war ended, Giant Mine officially opened, and production moved into full swing. The first gold brick was poured on June 3, 1948.
From May to December 1948, the mine produced 8,152 ounces of gold from 49,985 tonnes of ore. With the nearby Con Mine also operating, Yellowknife was experiencing the rapid growth associated with a booming mining industry.
Those original claims would lead to the production of seven million ounces of gold and one of the longest continuous gold mining operations in Canadian mining history; however, they also led to a legacy of contamination."
http://www.aadnc-aandc.gc.ca/eng/1100100027388/1100100027390
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