US Update
Published by MAC on 2006-10-17
US Update
17th October 2006
The recently announced friendly merger between Glamis Gold and Goldcorp (worth an estimated US$21 billion) would create, by market capitalisation, one of the world's biggest gold mining companies.
Glamis also ranks as one of the most threatening miners in Latin America because of its activities in Guatemala.
Now it's taken its bullying to the US, using the widely-discredited NAFTA agreement in an attempt to force Californica into coughing up compensation for the company's refusal to provide a legal mine reclamation plan. - Or else for the state to abandon its protective legislation altogether.