Goldcorp

Goldcorp Inc. is a mining company from Canada with headquarters in Vancouver, which is active throughout the Americas. The company is listed on the stock index S & P / TSX 60 and was in 2006 the third largest gold producer in North America.

  • 5.1 Literature
  • 5.2 Notes and references
  • 5.3 references

History

Owned by Goldcorp is the mine of Red Lake, Ontario, the richest gold mine in the world. et al substance by a four-year strike of employees from 1996 to 2000, and by depleting gold reserves, the mine was very struck towards the end of the 20th century.

CEO Rob McEwen [ wp 1] had triggered the strike, when he offered to employees new contracts that raise it worse than the previous one. It was he, however, who saved the company let After drilling in the remotest corners of the 22,000 acres of land, the geologist of the company for $ 10 million to perform, suspected this, although more extensive gold deposits, but could not determine their location and volumes accurately. McEwen had during a congress at the Massachusetts Institute of Technology, a presentation on Linux, the open source operating system is one that has been initiated by Linus Torvalds.

Inspired by the idea of ​​open source code, McEwen published in March 2000, the complete data of the mine in a 400 MB file and thus proclaimed the Goldcorp Challenge. It was a competition on the Internet, which is a total purse of $ 575,000 promised to those who submitted the best guesses and suggestions for exploring new deposits. Of the 110 identified by competition points, promised 80 % gold in substantial quantities, and brought the Goldcorp findings from a total of 8 million ounces since the beginning of the tender. 50 % of the submitted 110 points had not even noticed the employees of Goldcorp. Through this competition succeeded Goldcorp the exploration period to be reduced by 2 to 3 years, which resulted in a reduction of production costs by 600% in 4 years.

2004, the company part of the silver mining was spun off as an independent company under the name of Silver Wheaton.

Peñasquito Mine

On March 23, 2010 Gold Corp. opened the work on the Peñasquito mine in Zacatecas State, Mexico. Planned are a production period of 20 years and annual yields of 500,000 ounces of gold, 28 million ounces of silver, 200,000 tonnes of zinc and 91,000 tons of lead.

Glamis Gold

On August 31, 2006 Gold Corp. acquired the mining company Glamis Gold. The acquisition, which was completed in November 2006, cost the company about $ 8.2 billion. With Glamis Gold bought Goldcorp Inc. among others also Cyanide- surface mines in Honduras, Guatemala and Nevada where Glamis had their headquarters.

In early May 2006, shortly before the acquisition occurred at the General Meeting of Glamis Gold, representatives of affected communities in Honduras and Guatemala, and themed the serious consequences of the gold exploitation in the region.

Entre Mares de minerales Honduras

2006 showed a study of the Proyecto San Martin, in the Valle de Siria in Francisco Morazán in Honduras, where Glamis exploits under the branches name, Minerales Entre Mares de Honduras, that each of the five taken water samples, inter alia, on the outflow of a mine, from a river and a municipal well had been taken, all heavy metals and / or cyanide concentrations above the limit for drinking water contained and about half of the samples exceeded the internationally accepted limits of mining activities.

2007 called on the Canadian Organization Development for Peace, the British Catholic Agency for Overseas Development and Caritas Tegucigalpa, to responsible closure of the mine the Cold Corp. in Honduras.

Montana Exploradora de Guatemala, S. A.

In Guatemala, Goldcorp Inc. as occurs Montana Exploradora de Guatemala, SA on, here is a exploitation is expected by 2015. The Cyanidetagebau Marlin in San Marcos ( Departamento ), Goldcorp acquired by Glamis Gold in 2006.

2007 residents complained of Sipacapa (Guatemala) against Glamis Gold in the Compliance Advisor Ombudsman (CAO ), an arbitration body the International Finance Corporation and the Multilateral Investment Guarantee Agency on cessation of operation and compensation. The application stated that the plant was developed without adequate consultation and by violating the rights of the indigenous population.

The CAO noted in its award that Glamis Gold had extensively exchanged with the local communities, and that the public display which was made by Glamis been very technically including an environmental impact assessment had and would then not contain sufficient information as to likely detrimental on the to inform impact.

The conflicts have arisen with Glamis Gold were not degraded by Goldcorp Inc.. Goldcorp Inc. refused to implement the result of a 2005 referendum in which 11 of 13 community meetings in San Marcos ( Departamento ) rejected the mining in their area.

On 27 July 2009, the Montana Exploradora de Guatemala, SA by the Guatemalan Ministry of Environment imports of cyanide prohibited. The environment minister Luis Alberto Ferraté Felice ( b. 1939 ) stated that since 2005 the Ministry of Environment of the previous government the import of sodium cyanide allowed. The Minister explained that the company has introduced 320 tons of cyanide to 27 July 2009 after which royalties from three Quetzales per kilogram are collected, which are provided for monitoring the Cyanideinsatzes. The tax liability of the company was estimated at 12.3 million Quetzales.

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