abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

2 May 2007

Author:
Albert Koehl, Canadian Dimension Magazine

Canadian Mining Companies Helping Themselves to Others’ Wealth

A 2005 referendum in the communities near the [Glamis gold mine in Guatemala] overwhelmingly rejected the project. But the company’s legal challenge of the process has mired the vote’s result in the…country’s highest court…Joe Danni, vice president of corporate relations for Glamis [part of Goldcorp]…says that what best protects Guatemalans from bad behaviour by foreign companies, “starts with corporate reputation…” Next, says Danni, come the standards, systems and financial bonds…put in place by…the World Bank…or by the host government…The safeguards…however, are voluntary or without legal consequence at the international level, and weak or non-existent at the local…The World Bank promotes mining as a form of economic growth and development, but…[o]pen-pit mining is not labour-intensive, and much of Glamis’ investment is for imported machinery…