Re: Leftholdingthebag.
in response to
by
posted on
Aug 10, 2014 02:24PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I agree, the tailings pond breach was a massive (maybe criminal if the bottom line was placed before safety of the operation) failure of Imperial Metals management responsibility (the president and CEO should be fired) and it sure appears it was an unacceptable failure of BC government's regulatory oversight. I do not think there is need for new regulations, but there is a clear need to place more pressure to put on the government to enforce existing regulatory framework. IM management failure will just reinforce public's view that you can't trust the industry to regulate itself, that is sad and IM should pay for this dearly.