Date: 2024-09-27 Page is: DBtxt003.php txt00003090
Mining
Mining very profitable
Mining very profitable but value destruction for society ... AJStream has programme about the Canadian mining industry and its behavior in Latin America
COMMENTARY
Peter Burgess
Peter Burgess @TrueValueMetric Tweets
51s Peter Burgess @TrueValueMetric
@AJStream The one rule of law that powerful companies and lawyers always ignore is indigenous law
7m Peter Burgess @TrueValueMetric
@AJStream Where rule of law is weak should not mean that mining companies should behave badly. This is 2012 not the stone age.
14m Peter Burgess @TrueValueMetric
@AJStream Mining is all about investors and other powerful people winning ... communities with little power losing
16m Peter Burgess @TrueValueMetric
#AJStream Mining companies ignore risk in dangerous ways. Full accounting for risk to impacted communities would change mining dynamic
23m Peter Burgess @TrueValueMetric
@AJStream Profit accounting done for the organization not linked to environmental accounting done for the place.
25m Peter Burgess @TrueValueMetric
#AJStream At some point it is investors that need to be held to account. Good profit on top of bad behavior unacceptable!
39m Peter Burgess @TrueValueMetric
#AJStream In mining there is huge valuadd for investors but value destruction for all the other stakehiolders
1h Peter Burgess @TrueValueMetric
@AJStream Mining produces huge money profit, but triple bottom line results are hugely negative. This not taken into account by investors!