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EarthWINS Daily #3.123 4/22/98 Date: Wed, 22 Apr 1998 23:37:39 -0700 (PDT)
HAPPY EARTH DAY! Contents 1. Wisconsin Sulfide Mining Moratorium Becomes Law
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 1. Wisconsin Sulfide Mining Moratorium Becomes Law From present and future generations of Wisconsin citizens: An Earth Day announcement and a heartfelt thank you! to our friends
in
People DO have the power to redeem the work of fools. Alice McCombs
----------------------------------------------- a. Governor Thompson Signs Sulfide Mining Moratorium Date: Wed, 22 Apr 1998 16:57:50 -0600
Governor Tommy Thompson of
The Bill prohibits the state issuance of permits for
This has been a major victory
Consider yourself infected. For background, see the Midwest Treaty Network
Wolf Watershed Educational Project,
------------------------------------------------- b. Joint Statement on the Signing of the Mining Moratorium Bill (SB3) April 22, 1998 By: Wisconsin Citizen Action, John Muir Chapter of the Sierra Club,
Today, April 22, Earth Day 1998, the people of Wisconsin celebrate one
of
We are grateful that the Governor finally heeded the concerns of Wisconsin
For six years, we have been fighting Exxon and Rio Algom's plan to buile
an
In that time, hundreds of Wisconsin residents attended rallies and
Today, in a testament to the power of grassroots organizing and the
However, the victory will not be complete until the bill is fully
We call upon Governor Thompson to make the signing of this bill more
than a
------------------------------------------------- c. SB3 Becomes Law, Menominee Nation Fears the WDNR's Interpretation Menominee Nation Treaty Rights & Mining Impacts
For Immediate Release: April 22, 1998
SB3 Becomes Law, Menominee Nation Fears the WDNR's Interpretation The Menominee Nation is pleased that Governor Tommy Thompson is finally
We appreciate his selection, on Earth Day, the signing site to be Shawano,
What does the Mining Moratorium Law mean? SB3 states that a mining company must find a sulfide mine with a net
acid
Although SB3 is law, the Menominee Nation remains vigilant and apprehensive
We respectfully call upon Governor Tommy Thompson to mandate his
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 2. Cameco buys 2 German-owned uranium firms Date: Wed, 22 Apr 1998 11:31:19 -0600
PAPER The Ottawa Citizen
SASKATOON -- Uranium mining giant Cameco Corp. announced yesterday it
has
Cameco said it will buy Uranerz Exploration and Mining Ltd. of Saskatoon
The purchase price is $483 million in cash. The deal gives Cameco an additional 33.33-per-cent interests in the
Key
The transaction also includes at 57.69-per-cent interest in the Crow
Butte
Cameco said the acquisition of the two German-owned companies will result
The transaction also brings the benefit of a more diversified customer
base
The deal is expected to close by late this summer, pending regulatory
``We are confident this acquisition represents an excellent investment
of
With the purchase, Cameco will own 100 per cent of the Key Lake and
Rabbit
The mines, located in northern Saskatchewan and operated by Cameco,
The acquisition of the additional 27.92-per-cent interest in the McArthur
Cameco will also increase its stake in Crow Butte to 90 per cent, adding
*** END OF DOCUMENT *** ______________________________________________________________________
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 3. Mining Clippings, April 22, 1998 Date: Wed, 22 Apr 1998 11:30:48 -0600
PUBLICATION The Vancouver Sun
EDITION FINAL SECTION/CATEGORY Business
BYLINE Rod Nutt, Sun Business Reporter STORY LENGTH 607 Mining industry gets help from B.C. "These initiatives are taking firm action to make mineral exploration
development an easier and more certain process in this province,"
Glen Clark said at a news conference in Victoria. "We want to secure investor confidence and will continue to work with industry to meet its goal of creating 22,000 new mining-related jobs
the next 10 years." The initiatives include: - A mining-rights amendment act that recognizes the right to mine,
access to mineral claims, guarantees the right to compensation when
are expropriated for parks and expedites the mine permit process. - A mineral exploration code creating a one-agency approach for permit approvals and environmental protection standards designed specifically
exploration. - Appointment of a mining advocate. - Introduction of a refundable mineral-exploration tax credit worth
up
$9 million annually. "The mineral exploration code's one-agency approach to the management
exploration and its exploration-specific standards and procedures will greatly simplify the administration of the mine-finding process," said B.C. & Yukon Chamber of Mines executive director Bruce McKnight. "The recognition of compensation rights due to park creation is a milestone that has a major positive impact on investor confidence in B.C.," said Doug Horswill, chair of the Mining Association of B.C. and Cominco Ltd. environment and public affairs vice-president. However, Sierra Legal Defence Fund executive director David Boyd called
changes a "complete nightmare for British Columbians." He said there was no public consultation outside the mining industry
that the government had rewritten the law of compensation by
mineral claims into land rights. "There's guaranteed compensation for any claim," Boyd said. "If I was
miner I would head into any area that environmentalists have said
a park. The cost of creating a park has just gone through the roof." The responsibility of the yet-to-be-appointed mining advocate will be
create within government a positive investment climate for mining. In addition, the advocate will recommend amendments to statutes and regulations to encourage responsible mining and facilitate resolution
mining-related operational disputes and permitting delays within
agencies. The exploration tax credit will be available to individuals and corporations for exploration activities after Aug. 1. Details of the program, including eligibility criteria and application procedures, will be worked out in conjunction with the industry during
next three months. In addition, the current new-mine allowance that allows 133 per cent
qualifying capital expenditures on mines beginning production before
1, 2000, to be claimed for mineral tax purposes will be extended for
years. "Over the last few years the mining industry has faced some
said Employment and Investment Minister Dan Miller who is responsible
mining. "I also know this is a dynamic industry that is vital to our economy, especially in the north. "That is why I am committed to working to ensure it continues to
jobs and economic opportunities for British Columbians." The government has been repeatedly warned in recent years that the lack
primary exploration threatens the future of the B.C. mining industry. "Primary exploration expenditures are considerably below the level to maintain a prosperous industry in this province," Price Waterhouse
Mike Smith said last year. Primary exploration spending by the major mining companies has
about $8 million a year for the past few years. The total increases to about $100 million when junior exploration is included but that figure is still well below the $150 million to $200 million a year necessary to replace diminishing reserves. The industry in B.C. employs 16,700 directly and a further 25,000
The average mining salary, including benefits, is about $75,000 a year. The Vancouver Sun
PUBLICATION The Vancouver Province DATE Wed 22 Apr 1998 EDITION FINAL SECTION/CATEGORY Money PAGE NUMBER A36 BYLINE Ian Austin, Victoria Bureau STORY LENGTH 505 Miners hail B.C. plan, eco-groups up in arms Miners applauded and environmentalists fumed yesterday as the B.C. government launched four mining-friendly initiatives to encourage exploration. "We've had a long, painful slide in exploration spending in B.C.,"
Bruce McKnight of the B.C. and Yukon Chamber of Mines. "I'm hoping
look back and say this was a turning point for the industry in this province." The possible "turning point" was a four-pronged plan unveiled
calling for the creation of 22,000 new mining jobs by ensuring
for parkland expropriation, easing government red tape and
creating a mining advocate, and offering an exploration tax credit of
$9 million a year. Gary Livingstone, president of the Mining Association of B.C., said exploration spending in B.C. is "dangerously low." "The mining industry used to spend $200 to $250 million a year on exploration -- this year we'll spend $50 to $70 million," said Livingstone, who expects the NDP initiatives to change those figures. "Each of these moves will send a positive message to mining companies around the world." The reaction from the environmental community was swift and caustic.=20 "They've created a gold rush," said David Boyd of the Sierra Legal Defence Fund. "This is a huge Christmas present for the mining
paid for by all British Columbians. I'm absolutely astonished by this." Merran Smith of the Sierra Club had just finished a press conference listing the B.C. government's top 25 environmental errors when Premier
Clark unveiled his mining-friendly moves. "This is number 26, and it's a whopper," said Smith, who questioned
argument that mining creates jobs. "Fish are jobs. Damaging the
for fish is going to cost jobs. "If you put tourism and fishing together, that's more jobs than
and mining." Clark conceded that former premier Mike Harcourt's green regime,
aside huge areas as parkland, didn't win the NDP any friends in the
sector. "That put us, to some extent, on a collision course with the mining industry. It's not been easy, because there are some deep
differences. "We have not had a good working relationship with the mining industry
the past seven years." Progressive Democratic Alliance leader Gordon Wilson said the dramatic announcement may prove to have more sizzle than steak. "The mining initiative sounds like the jobs and timber accord, and those jobs
OUR-PRONGED MINING-FRIENDLY PLAN UNVEILED The four mining initiatives: - A mining rights amendment act, recognizing the right to mine and
access to mineral tenures. The act also ensures compensation to
whose claims or exploration activities are in areas expropriated for
- A mineral exploration code to create a one-agency approach for
approvals. The government promises that red tape and duplication of permits will
reduced, and companies will have special environmental protection
specifically for exploration. - A mining advocate with a mandate to improve the investment climate
mining and advise government on needed changes to encourage mining. - A refundable exploration tax credit worth up to $9 million a year. The Vancouver Province ****************************** Tom Balint National Caucus Coordinator/Coordonnateur de caucus nationaux Canadian Environmental Network/R=E9seau canadien de l'environnement 300-945 rue Wellington Street Ottawa, ON K1Y 2X5 T: (613) 728-9810 ext. 35 Fax/copieur: (613) 728-2963 E-mail/Courrier: tbalint@cen.web.net +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Date: Wed, 22 Apr 1998 12:28:35 -0300
INCO FOCUSES ON STRATEGY TO BE THE MOST PROFITABLE AND LOWEST-COST NICKEL
TORONTO, April 22 /CNW/ - Inco Limited must change
the way it does
-------------------------------------------- Date: Wed, 22 Apr 1998 20:59:11 -0300
PUBLICATION St. John's Evening Telegram
Voisey's not viable?: U.S. report doubts return will justify investment The Voisey's Bay nickel project is no longer economically viable, says
one
Even if outstanding aboriginal land claims and compensation issues are
Low nickel costs, an uncertain tax regime, high electricity costs and
huge
In her Inco report, dated March 30, Gassman recommends several options
for
The report does not mince words. ``Based on the full purchase price, and initial and sustaining costs
over
In an interview with The Evening Telegram, the author of the report
``The reason why it is not viable is if you take the acquisition costs,
The report did not rank the importance of impediments but Gassman said
low
``So when you take all of these factors, plus long-term price forecasts
for
Long-term nickel forecasts have dropped from $3.75 -$4 US per pound
in 1996
The Newfoundland government has carried out its own analysis of the
What the study isn't, however, is ``releasable'' to the public. Bruce Hollett, an official with the province's Voisey's Bay project
office,
``It's a standard code of conduct,'' Hollett said, adding much of the
data
In general terms, Hollett said the project office has consulted widely
with
But Gassman's report holds a clue as to why the province came up with
a
``Clearly the exclusion of the acquisition cost would have a significant
Resolving the issue will likely require Newfoundland to realize there
will
VBNC vice-president Rick Gill did not comment on the analyst's report
and
The Voisey's Bay environmental assessment panel received more than 100
If the company's several-thousand-page report is determined to cover
all
St. John's Evening Telegram
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