The recent purchase of Atlantic Gold (an Australian company) by St. Barbara Ltd. (another Australian company) went by with almost not a whisper in the province of Nova Scotia where they hold significant gold rights. This situation raises many questions for an average guy like me.
First off, I get free trade. Never have been against it in general. But there are certainly areas of our economy, culture and environment that should not be sold to, or controlled by foreign corporations or states. For examples of how problematic this can be just look at how China has taken over huge sectors in Mozambique and Zambia. Where are these natural resources benefiting? Right, thousands of miles away while the communities in Africa suffer.
Second, mining royalties in Nova Scotia are so small, makes the developing economies in the Americas and Africa look way smarter than our Liberal governments; trading jobs for pennies per ounce of minerals (gold in this case). If any company is to destroy our environment should it not be a Canadian company operating under all our laws. Canadian companies that can easily be held accountable at home where the executives live and raise their families.
Environmental destruction by the mines is not a concern for anyone in the company or government of Nova Scotia it seems. The focus is on how to reduce the footprint, not stop it. That is where this totally baffles many of us. Why are we allowing companies to knowingly destroy the environment for a mineral the world has enough of already? Should we not be exploring environmentally friendly or neutral industries instead. After all, just look to the Appalachian mountains in the United States to see what happens to the towns, people and environment when the minerals are gone. Is that what we want to happen in Nova Scotia?
So before disregarding those in Nova Scotia and Canada protesting gold mining think hard about what is going on in the industry and how it will impact our environment. I for one will be watching this unfold and calling out to my politicians to ask questions and remind them about the power of votes.