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Tarnished Gold

Mining and the Unmet Promise of Development

Radhika Sarin, Nikki Reisch, Jennifer Kalafut, Keith Slack, 9/18/2006

View the publication (pdf)

The International Finance Corporation (IFC) continues to dress up money-making gold mining investments as development, yet it fails to demonstrate how these projects actually reduce poverty. On its "golden" 50-year anniversary, we challenge the IFC to "prove it" by reporting its development impacts on a project-by-project basis.

A joint publication of the Bank Information Center, the Bretton Woods Project, Campagna Per La Riforma Della Banca Mondiale, EARTHWORKS, and Oxfam International.

 

Community Voices

Rosia Montana, Romania

"It is time for Romania to refuse projects, which whilst being promoted to greatly contribute to development, in effect will have disastrous impacts on all sectors truly important to life."

News

Behind Gold's Glitter: Torn Lands and Pointed Questions

There has always been an element of madness to gold's allure.

Golden Gamble in Grass Valley: A Legacy of Risk

At the Idaho-Maryland Mine, up to four tons of ore would have to be processed to produce one ounce of gold. But the steps taken to scrape together that ounce pose what scientists call two of the mining industry's biggest environmental risks: cyanide contamination and acid mine drainage.

A High Regard for the Earth

David Maisel's Aerial Photos Re-Survey the Boundaries Between Ugly and Beautiful