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Article

29 Mar 2007

Author:
Kelly Patterson, CanWest News Services [Canada]

Canadian accord sets ethical mining norms

In a move that could revolutionize global mining, Canadian mining representatives have struck an unprecedented accord with environmentalists and human-rights advocates on ways to ensure mining and oil companies act ethically in their overseas operations... If the federal government implements the proposal, the repercussions would be felt around the world since Canada is a colossus in the industry... The Toronto Stock Exchange alone accounts for 60 per cent of the world's public mining companies, with more than 1,200 firms, and raises more than 40 per cent of the world's financing for mining, according to the Mining Association of Canada... "Industry and civil society members have worked together in an unprecedented way and it is now up to government to implement these recommendations," said Catherine Coumans of MiningWatch Canada.

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