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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (46687)	8/9/2007 1:38:10 AM
From: E. Charters	Read Replies (1) \| Respond to of 78424

Raglan - Falco is 20, million ton lenses to 1200 feet. 3% grade. Discovered 1968 and never mined because of Inco's domination of the nickel price and the far north location. Also the gov't brought in a tax regime in the 70's which punished infrastructure building. All northern buildings had to be removable and the tax deductions for them was decelerated. This doubled the costs of locating in the north and helped curtail large mine development in Canada's north. Also BC, whose government went on the warpath against Cominco and killed large zinc (about 6 large mines were left behind in the SE BC area.) development in BC by tax structuring and other threats. 138 mines closed there in ten years. While it couldn't have happened to a nicer bunch of guys it hurt everybody. Money went offshore to Honduras, Nicaragua, Chile (28 billion alone to that country) Brazil, and Alaska. Canadian Mining started to die about 1978. By 2002, over 220 mines had closed possibly forever and very few new ones had come on stream. Perhaps 650,000 ore more jobs. 1 million Canadians worked in Mines and related industry in 1979. 11% of the workforce. You can thank the fucking liberals. But there is lots more there. EC<:-}