December 11, 2007 |
Gifts of jewelry -- particularly gold -- are a perennial favorite on Santa's list. And with the metal's price hovering near $800 an ounce, the tiniest golden bauble, bangle or bead will be a coveted commodity. But even if you don't elect to splurge on this luxury, it will still cost you plenty because mining companies from around the world can take gold from U.S. lands basically for free, leaving taxpayers with nothing but the cost of cleaning up the damage that mining leaves behind.
November 17, 1998 |
It was an old alchemist's trick, dripping deadly cyanide onto a piece of rock to burn out its hidden stores of gold. Two decades ago, Pegasus Gold Inc. turned ancient art into modern riches, building a network of cyanide mines in the Little Rocky Mountains and transforming 38,000 tons a day of some of the lowest-grade ore in the world into Montana's biggest gold mine. After hauling 46 tons of gold out of the barren hills, Pegasus Gold Inc.
July 15, 1986 |
U.S. industrial production sank 0.5% in June while retail sales advanced only 0.2%, the government said today in separate reports providing further evidence of how weak the economy has become. The decline in industrial production was the fourth in the last five months, Federal Reserve Board said. It followed a 0.4% drop in May and left industrial output 2.1% below where it was in January.
October 11, 2003 |
The Bush administration announced Friday that it would start allowing companies that mine gold, silver and other precious metals as much public land as they need to help them develop their claims. The decision, a reinterpretation of the 1872 Mining Law, came in response to pressure from the mining industry and members of Congress in big mining states.
CALIFORNIA | LOCAL
October 31, 2001 |
This isolated and rocky section of desert in the Imperial Valley is suddenly center stage in a national political fight over the Bush administration's effort to make it easier for mining companies to operate on federal land. In rules published Tuesday in the Federal Register, Interior Secretary Gale Norton said she is rolling back environmental restrictions placed on mining by the Clinton administration. Environmental groups are threatening to sue.
July 13, 1987 |
Major labor unrest was feared Sunday in South Africa after union officials said that 80,000 metalworkers had voted overwhelmingly in favor of a strike. Walkouts by coal and gold miners were also possible. A strike by the 200,000 mine workers would be by far the most serious for South Africa's economy. These miners work in 27 gold pits and 18 collieries and make up nearly half the miners in South Africa, and the mines provide more than half of the country's export earnings.
May 9, 2002 |
A federal judge on Wednesday ordered the U.S. government to stop permitting coal companies to put tons of dirt and rock from their mountaintop mining operations into streams and valleys, a practice that has permanently changed the topography of Appalachia. The ruling, which prohibits the Army Corps of Engineers from issuing new permits for piling leftover dirt and rock into streams, could greatly reduce mountaintop removal mining.
December 18, 1990 |
Welfare saps initiative, right? Generation after generation, it creates a culture of dependence. Sure. Doubters need only look to the minerals mining industry, a business so addicted to government handouts that it apparently can barely lift a shovel without taxpayer help. California is having a second great gold rush. It's a leader in boron and gypsum too, producing $3 billion a year in non-fuel minerals overall and ranking second only to Arizona.
October 26, 1992 |
The largest mass demonstration in years tied up central London on Sunday as an estimated 150,000 people turned out in support of threatened British miners. In driving rain, a well-behaved crowd formed behind colliery brass bands parading through the capital in a march that protested not only the government's announced closure of 31 mines but also the faltering economy.