Brigus Gold: Difference between revisions
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==Controversy== |
==Controversy== |
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Apollo Gold was formed in the mid-1990s when [[Pegasus Gold]] declared bankruptcy and transferred its profitable assets to Apollo Gold. Pegasus Gold wanted to avoid paying for the clean-up of its [[http://www.meic.org/mining/cyanide_mining/zortman_landusky_mines Zortman-Landusky mine]]. The directors of Pegasus Gold and Apollo Gold were the same people at the time.<ref>{{cite book |title=Collapse: How Societies Choose to Fail or Succeed |author=Jared Diamond |year=2005 |publisher=Viking |isbn=0-670-03337-5 |quote=in 1998, at a time when less than 15% of the mine site had undergone any surface reclamation. Pegsus Gold's board of directors voted themselves more than $5 million in bonuses, transferred Pegasus's remaining assets to the new company of Apollo God they had created, and thereupon declared Pegasus Gold bankrupt (p 456)}}</ref> |
Apollo Gold was formed in the mid-1990s when [[Pegasus Gold]] declared bankruptcy and transferred its profitable assets to Apollo Gold. Pegasus Gold wanted to avoid paying for the clean-up of its [[http://www.meic.org/mining/cyanide_mining/zortman_landusky_mines Zortman-Landusky mine]]. The directors of Pegasus Gold and Apollo Gold were the same people at the time.<ref>{{cite book |title=Collapse: How Societies Choose to Fail or Succeed |author=Jared Diamond |year=2005 |publisher=Viking |isbn=0-670-03337-5 |quote=in 1998, at a time when less than 15% of the mine site had undergone any surface reclamation. Pegsus Gold's board of directors voted themselves more than $5 million in bonuses, transferred Pegasus's remaining assets to the new company of Apollo God they had created, and thereupon declared Pegasus Gold bankrupt (p 456)}}</ref><ref>{{cite web |url=http://serc.carleton.edu/research_education/nativelands/ftbelknap/policy.html |title=Impacts of Resource Development on Native American Lands |author=Erin Klauk |accessdate=2009-09-19 |publisher=Montana State University, Science Education Resource Center}}</ref> This has been cited as an example of corporate environmental irresponsibility and unsustainable practices of mining companies at the expense of local people and environoments.<ref>{{cite web |url=http://www.earthworksaction.org/pubs/PuttingAPriceOnPollution.pdf |title=Putting a Price on Pollution: Financial Assurance |
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for Mine Reclamation and Closure |author=Jim Kuipers |datMarch 2003 |publisher=Center for Science in Public Participation}}</ref> |
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==References== |
==References== |
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Revision as of 15:13, 19 September 2009
Apollo Gold Corporation is a North American mining company. The company is based in the Yukon Territory, Canada, but is also incorporated in both the United States and Mexico.[1] In June of 2009, Apollo Gold uncovered what Rick Owens of the Northern News called a "high-grade hit" on its Grey Fox property.[2]
The company was originally incorporated in 1936, in the Province of Ontario. In 2003, the company was reorganized under the laws of the Yukon Territories.[3]
Controversy
Apollo Gold was formed in the mid-1990s when Pegasus Gold declared bankruptcy and transferred its profitable assets to Apollo Gold. Pegasus Gold wanted to avoid paying for the clean-up of its [Zortman-Landusky mine]. The directors of Pegasus Gold and Apollo Gold were the same people at the time.[4][5] This has been cited as an example of corporate environmental irresponsibility and unsustainable practices of mining companies at the expense of local people and environoments.[6]
References
- ^ http://www.apollogold.com/en/investors_company.htm Company information from apollogold.com.
- ^ http://www.northernnews.ca/ArticleDisplay.aspx?e=1616073 "High-grade hit on Grey Fox property", by Rick Owens, Northern News, 17 June 2009.
- ^ "Overview of Apollo Gold" from apollogold.com.
- ^ Jared Diamond (2005). Collapse: How Societies Choose to Fail or Succeed. Viking. ISBN 0-670-03337-5.
in 1998, at a time when less than 15% of the mine site had undergone any surface reclamation. Pegsus Gold's board of directors voted themselves more than $5 million in bonuses, transferred Pegasus's remaining assets to the new company of Apollo God they had created, and thereupon declared Pegasus Gold bankrupt (p 456)
- ^ Erin Klauk. "Impacts of Resource Development on Native American Lands". Montana State University, Science Education Resource Center. Retrieved 2009-09-19.
- ^ Jim Kuipers. "Putting a Price on Pollution: Financial Assurance for Mine Reclamation and Closure" (PDF). Center for Science in Public Participation.
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