financetom
Business
financetom
/
Business
/
Market Chatter: Yukon First Nation Calls For Halt of Mining On Its Traditional Territory After Eagle Gold Mine Accident
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Yukon First Nation Calls For Halt of Mining On Its Traditional Territory After Eagle Gold Mine Accident
Jul 3, 2024 1:07 PM

03:53 PM EDT, 07/03/2024 (MT Newswires) -- A Yukon First Nation is calling for a stop to all mining in its traditional territory as uncertainty swirls over the scale of environmental damage caused by the failure of a gold processing plant, The Globe and Mail newspaper is reporting Wednesday.

It noted giant piles of cyanide-laced rocks collapsed last week at a heap leach facility at the Eagle gold mine in central Yukon operated by Victoria Gold Corp. ( VITFF ), triggering a landslide that likely released toxic cyanide into the environment.

The rockslide, which satellite imagery shows to be about 1500 meters long up to 370 meters wide, caused widespread damage to mine infrastructure including the heap leach pad, the report said.

It noted heap leaching involves stacking mined ore into outdoor piles and then sprinkling it with water laced with cyanide. The facility at the Eagle mine was designed to hold as much as 92 million tonnes of ore.

Neither the company nor the Yukon government, which is investigating the accident, has revealed specifics around the extent of the damage, The Globe added.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 0.86, Change: +0.01, Percent Change: +1.18

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan is a test case for Trump's tariff deals. But talks may be tortuous
Japan is a test case for Trump's tariff deals. But talks may be tortuous
May 25, 2025
TOKYO/WASHINGTON (Reuters) -When Tokyo's top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank.     One detail, seemingly unnoticed by those in the room, is that the gift was made in China, the focal point for Trump's sweeping trade war that has engulfed Japan...
Toyota considers investing in potential $42 billion buyout of key supplier
Toyota considers investing in potential $42 billion buyout of key supplier
May 25, 2025
By Maki Shiraki and Makiko Yamazaki TOKYO, April 27 (Reuters) - Toyota Motor ( TM ) said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries ( TYIDF ) - a buyout that reportedly could cost $42 billion. We are currently exploring various possibilities, including partial investment, the automaker said in a...
Toyota considers investing in potential $42 billion buyout of key supplier
Toyota considers investing in potential $42 billion buyout of key supplier
May 25, 2025
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) -Toyota Motor ( TM ) said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries ( TYIDF ) - a buyout that reportedly could cost $42 billion. We are currently exploring various possibilities, including partial investment, the automaker said in a filing with the...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved