Earthworks

MPC Issue Paper #3: More Cyanide Uncertainties

MPC Issue Paper #3: More Cyanide Uncertainties
Lessons From the Baia Mare, Romania, Spill Water Quality and Politics

Published: January 1, 2001

By: Robert Moran, Ph.D.

Download this publication

Financial assurance is usually inadequate or lacking, thus mining companies may avoid paying for potential environmental impacts. This is a special concern where foreign-owned companies use bankruptcy and international laws to avoid financial responsibility. Citizens, thus, subsidize environmental impact costs.

The Romanian government, being a partner in the Baia Mare operation, did not require the company to post any financial bond or other financial assurance. Following the spill, the company was required to pay a fine equivalent to $US170.

Tagged with: mining, cyanide

On Twitter

Good news! Court ruling means BLM #fracking rule to protect public lands/waters will go into effect. earthworksaction.org/media/detail/e… #oilandgas
We don't get clean water by eliminating protections for streams and wetlands. Take action: org.salsalabs.com/o/676/p/dia/ac…twitter.com/i/web/status/9…

On Facebook