Augusta Resource Corp (AZC)

[lmcat]

if the mine was in an area other than yours it would be fine.

If the mine were not in a desert area and their wells would not steal precious water from residents, that would be a factor. If the mine were in a remote area where people would not be forced to breath toxic polluted air that would be fine.

And it is extremely important the a company be able to produce the revenue to sustain its operations. Augusta does not have the resources to prove they can reclaim the site or pay millions of dollars in fines if they violate the laws.

You have NO CLUE about what happens when a mining company goes BK but study the history of ASARCO to get an education so you can discuss the issues inteligentlly!

After the Colorado Department of Public Health and Environment sued ASARCO for damages to natural resources in 1983, the EPA placed the ASARCO Globe Plant on its National Priorities List, with ASARCO to pay for the site's cleanup.

Fined $3.6 million in 1996 for discharging lead and other pollutants into the Missouri River, Omaha's ASARCO plant was closed in July, 1997. After extensive site cleanup, the land was turned over to the City of Omaha as a 23-acre (93,000 m2) park. All of East Omaha, comprising more than 8,000 acres (32 km²), was declared a Superfund site, and as of 2003, 290 acres (1.2 km²) had been cleaned.

In 2007, the Environmental Protection Agency released the results of soil and air tests in Hayden, Arizona taken adjacent to the ASARCO Hayden Smelter. The results showed abnormally high amounts of pollutants that violate prescribed health standards. Arsenic, lead and copper were among the most egregious pollutants found in Hayden. As a consequence of the contamination, the EPA proposed to add Hayden, Arizona to the list of Federal "Superfund" sites.

This action would provide funding to clean up the contamination. ASARCO is presently fighting this action, supported by Democratic Gov. Janet Napolitano, who said: "I am asking that the EPA delay final decision on listing until March 31, 2008. This would provide ample time for the EPA, in close coordination with ADEQ, to enter an agreement with ASARCO to conduct remedial actions..

And we thank Obama for removing this horrible governor from Arizona!

http://en.wikipedia.org/wiki/ASARCO

ASARCO bankruptcy settlement will pay for 80 toxic-waste cleanups in up to 20 states.
http://irjci.blogspot.com/2010/02/asarco-bankruptcy-settlement-will-pay.html

I guess you want taxpayer dollars to be used to clean up the shit these mine operators create and leave behind if they end up in BK!

Do a little research on the costs to clean up mining sites. Another one is the Minnie Moore Mine in Idaho. They are trying to sue the previous mining company but they are broke so we paid for the millions of dollars to clean up that toxic mess.