Oceanagold (TSX, ASX:OGC), an Australia-based gold producer, will start winding down its New Zealand mines to focus on lower-cost production in the Philippines, where it runs the Didipio copper-gold mine north of Manila.
The court refused to consider the appeal on procedural grounds. Chile's environmental regulator will now have to re-evaluate the administrative fines for over $16 million it imposed on the project.
The problem is dishonest money. Federal Reserve officials are free to print as many dollars as they wish, completely unaccountable for the purchasing power stolen from your savings. Honest money in the form of physical gold is the solution.
Authorities have yet to take action over what the company has qualified as a potential mine disaster that may cost lives and have serious environmental costs.
There currently are several practical and legal reasons for companies to have a CSR strategy in place, says expert in the field Elizabeth Adey, in this interview with MINING.com.