Troilus Gold brings potential funding from credit agencies to $1.3 billion
The company has signed an additional LOI with Export Development Canada worth $300 million.
Thousands of environmentalists took the streets of Raub, in the Malaysian state of Pahang on Sunday, to oppose the use of cyanide at the nearby Bukit Koman gold mine, which they claim has been using the chemical compound to the detriment of their health.
Malaysia Chronicle reported that there were over 10,000 the demonstrators who gathered “spontaneously and voluntarily” flooding the streets of the country’s third largest in the country.
The newspaper added Raub residents have been opposing Peninsular Gold’s operations (LON:PGL), formerly Raub Australia Gold Mining, since 2007, but the local authorities have not heard their lawsuits and appeals.
“There are now two major hotspots in [the state of Pahang] that [the local government] must stand accountable for – the Lynas rare earth refinery and the Bukt Koman gold mine. If [the authorities] cannot manage their own home state, no wonder the federal government and the economy are going to the dogs,” politician Fuziah Salleh told Malaysia Chronicle.
Analyst Wong Chun Wai writes in his Sunday column at The Star, that realizing the growing emotional impact of environment issues on middle-class Malaysian voters, politicians are taking advantage of what it seems to be a hot topic.
“In the media, these issues rarely made the headlines and were often relegated to the features section,” he says. “But not any more. Environment issues have been upgraded to the front pages of newspapers and given prominent treatment in other media as well,” he adds.
This writer does not profess to be an expert in gold mining but we do know that “gold cyanidation” or “cyanide leach mining” is one of the more common ways used to extract gold from the surrounding rock.
As with all processes involving the use of lethal chemicals, there are health and environmental risks involved but there is still no conclusive evidence to settle the debate once and for all.
The town of Raub, a historic gold mining settlement, is located 110 km from the Malaysian capital of Kuala Lumpur and 265 km from Pahang’s capital, Kuantan.
Photo courtesy of MalaysiaKini via Facebook
3 Comments
RP Family Dentist
I’m no gold expert but is there any other way to extract the gold from the rocks without using cyanide? Because not only in affects the environment but it affects the worker as well.
jamesont
Cyanide, if used properly, is very safe. There are many safegards here in Canada that prevent any cyanide from entering into the environment. It is up to the government working with the mining industry to set the regulations and standards.
keith
I am a gold mining expert and it breaks my heart to see the
misinformation regarding cyanide. Cyanide is CN – carbon and nitrogen while it
is true it is very toxic – it is reactive and breaks down rapidly in nature, it
is not something that causes permanent contamination.
Mercury on the other hand is being used by artisanal miners all
over the world; it is contaminating our rivers and oceans. It forms organic commands
that enter the food chain at the lowest level and is contaminating our food
supply. It does not dissipate and is a cumulative poison and toxin in our food
supplies.