Abandoned mines are payed for by taxpayers
Canada is, and has always been, a mining intense country. However, mines that were profitable once may not be profitable anymore due to declining metal concentrations and increasing requirements on preventive measures to protect the environment and human health. In an article published in the Economist on the 27th of September 2014, it is claimed that there is an estimated 10,000 orphaned or abandoned mines in Canada’s north that are now the government’s responsibility. The cost of decontaminating and restoring those mining sites, which will be borne by the tax payers’, will be significant. This unfortunate situation could have been avoided if the Canadian Government […]