Mining Myths

Seven myths that prop up the mining industry in Canada. From Mining Watch Canada.

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MiningWatch Canada is a coalition of seventeen different organizations that works to support communities affected by mining, to do research on issues pertaining to mining environment and health and to advocate for responsible mining practices. Our work deals with mining in Canada and with Canadian mining companies operating internationally.

In our five years of existence, we have learned a great deal about the industry and the governments that support it. I have come to believe that the power of the industry is propped up by seven myths, and I want to share that with you today.

First, the myth that mining is about the extraction of minerals. A great deal of mining is not about the extraction of minerals at all. Most junior mining companies are only interested in floating large share offerings to investors so that they can attract enough equity to pay themselves salaries in the $200-300,000 range…