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Who gets what?
Rosemont Copper and its investors will profit an estimated $14.7 Billion over 20 years Pima county gets around $5,000 in property taxes each year on their land holdings Green Valley water users will pay upwards of $1,000 per acre foot of water Either Arizona, or maybe the Feds will pay MILLIONS to improve Highway 83 Rosemont will give $35 million to communities over 20 years, a whopping .16% Employees will earn approx $30 million each year, 2.6% of revenue
Following is a consolidated analysis of the economic impact on Pima County, Arizona, and the United States in a report prepared for Augusta by projected by the Western Economic Analysis Center. Click to see the report
I took the estimations of mineral production and estimated the potential profitability below. August sure makes it sound like a fantastic deal for the people, It seems its more of a deal for them.
Augusta states that: "An Environmental Endowment Will Benefit the Entire Community - We will create a $25 million endowment over the life of the mine and donate an additional $500,000 annually during operations to be used for the preservation of open space, mitigation of wildlife habitat and to meet other needs identified by the community" HOW GENEROUS, $35 Million for the Community over 20 years, a WHOPPING .16% of revenue for those most affected by the proposed mine. They have also donated $12,000 dollars to the Arizona Trail and have committed to another $13,000. Of course their proposed mine tailings will consume the area that was already planned for it. Now it will be east of the mine. So much for the scenic trail it this mine is approved by the Forest Service. WAGES, $29,500,000 in wages per year, that's an estimated 2.6% of revenue for the employees. As far as the county or schools getting much from property taxes, don't count on it. I own approximately 7.5 acres of vacant land and the Pima County Assessor taxes me $720 per year on it or $96 per acre. Augusta resources pays $10.05 on 20 acres or about $.50 per acre. The entire holdings represented here is 1,585 acres with a ranch house or two intermingled and they pay only $4,316 on the entire holdings.
Interesting history of the Rosemont land purchase: (FOR RICHER) More than 2,700 acres in the Santa
Rita Mountains that Pima County had been considering for preservation may now
become a copper mine. Whose land is it anyway, and why don't we get anything but the cleanup? (FOR POORER) The story of the Western Shoshone is a long lesson in the ways that law can fail indigenous people threatened by mineral interests http://www.earthworksaction.org/westernshoshonenation.cfm Read about the Mining Laws of 1872. You will see that we don't get anything but the bill to clean up the mess http://www.earthworksaction.org/news.cfm?newsID=27. watch the National Geographic video U.S. Mining Law contested http://news.nationalgeographic.com/news/2008/02/080201-hardrock-video-wc.html read about "modern mining" and its excellent track record. If we are counting on high copper prices to make the Rosemont mine economically feasible, what happens when the price of copper drops. Will we be another grouse creek mine http://www.earthworksaction.org/pubs/ModernMiningFINAL.pdf The Grouse Creek mine, located adjacent to the largest wilderness complex in the lower 48 states, was heralded as a "state of the art" mine when it began operations in 1994. Just three years later, the mine shut its doors -- producing no profits and leaving behind severe environmental problems. Hecla Mining Company (Hecla), owner and operator of the Grouse Creek Mine, began construction in 1993. Before it produced its first ounce of gold, construction activities caused a major landslide, burying 100 yards of Jordan Creek -- a stream federally designated as critical salmon habitat. Read the article http://www.bettermines.org/cvgrousecreek.cfm Here is a typical scenario for a mine (FOR POORER): The Anaconda Mining Company, predecessor of the Atlantic Richfield Company, began mining activities at the Yerington Mine Site in Nevada in the early 1950's. From 1953 to 1965, operations at the facility consisted of mining the Yerington Pit for copper oxide. The Anaconda Mining Company sold the property in 1978. Miscellaneous mining and processing continued around the site from 1978 to
1989 at which time Arimetco began its leaching operations. The method used by
Arimetco to extract copper from copper oxide ore involved leaching with acid and
other solutions, followed by electro plating the copper oxides sheets. This article is from March 22, 1993 gives Phelps Dodge a "D" in mining. They contaminated the water supply for Bisbee from the copper queen mine tailings that they failed to reclaim when the mine was closed. The tailings pile now leaches contaminants into the ground water. the state of Arizona had forced the company to undertake a reclamation project at one mine and the U.S. Environmental Protection Agency had had to threaten to list two others as Superfund sites before Phelps Dodge would deign to clean them up. Phelps Dodge Company vice president Scott Crozier said the MPC report "contains numerous inaccuracies. We had attempted to provide information to the MPC that was accurate and factual, and they have chosen to include only what they saw fit to include." Crozier said it was true that ground water contamination had occurred around the Copper Queen mine, but it was "certainly not as extensive as they would like people to believe." (Good call Scott, why in 2008 has the situation worsened?) Read the full article. http://www.hcn.org/servlets/hcn.Article?article_id=2136 . Phelps Dodge Sierrita Mine is contaminating Green Valleys water supply and they promised to fix it in this June 2006 article http://www.uswaternews.com/archives/arcquality/6pheldodg6.html . More on Phelps Dodge, According to the Groundwater Awareness League Complaint issued 2/7/2007, now that the environment is trashed Phelps Dodge Corporation is planning to sell to Freeport MacMORON http://www.g-a-l.info/ComplaintOne.htm . Now Green Valley has higher Uranium, Cadmium, and Thallium levels in their water supply, and the culprit is Phelps Dodge's Sierrita and Twin Buttes mines. But rest assured, Phelps Dodge spokesman Ken Vaughn said the company is working with the EPA and ADEQ to assess the uranium plume. He said uranium occurs naturally in the area, and the contamination may not be from mining. "We're going to work with them to understand where this is coming from and why," he said. The federal and state limit for drinking water is 0.03 milligrams per liter. The most recent data from 2004 show one of three monitoring wells on the Sierrita site at just over the limit while a second is more than double the maximum. As reported by the Arizona Daily Star on 2/20/2007 http://www.azstarnet.com/sn/printDS/170040 . Sounds like Phelps Dodge is right on top of the testing if the most recent data was from 2004, and why wasn't the public warned then, not 3 years later? On June 29, 2007 an article from the Arizona Department of Environmental quality informs us that they are making it more difficult for Phelps Dodge to get a water permit http://lists.azdeq.gov/pipermail/media/2007-June/000056.html . Back to the Copper Queen a more recent article from the Arizona Department of Environmental quality dated 1/25/2008 once again addresses the Bisbee and Naco water supplies, guess 15 years was not long enough for Phelps Dodge to learn how to prevent contamination of groundwater. Wonder what Phelps Dodge Company vice president Scott Crozier would have to say now? http://www.azdeq.gov/function/news/2008/download/0125.pdf . Department of Justice had to get involved here, wonder how much that cost the taxpayers Looks like it took the Courts to make Kennecott do anything! In an article dated July 9, 2007 the US Department of Justice issued this release about the second largest mining company in the US., the Kennecott Utah Copper Corporation (Kennecott), and its groundwater pollution from past mining operations. The Bingham Canyon Mine is located 30 miles southwest of Salt Lake City. The proposed consent decree requires Kennecott to meet three major objectives for the cleanup of the OU 2 Zone, a groundwater plume. The Zone A plume is the portion of the groundwater aquifer contaminated by acidic waste water that has leached from waste rock dumps and that has been contaminated by other wastewaters generated from operations in the mining district. The plume of contamination is about 20 square miles in size with a highly acidic core area of two-square-miles with high concentrations of sulfates and heavy metals. It will take 4 DECADES to cleanup. How do you clean up groundwater? Has it ever been done successfully? read the full article http://www.usdoj.gov/opa/pr/2007/July/07_enrd_488.html
What will our future water costs be? CAP officials have acknowledged that the amount of Colorado River water available to Arizonans may diminish in the future and that CAP is looking to acquire new water supplies, including desalination plants." Lets take a look at this one option for our future water supplies. In a document by the California Coastal Commission on desalination plants they discuss the technology, energy use, and cost per acre foot. Energy cost alone ranges from $711 to $1,171 per acre foot for electrical cost. A once cent change in KWH cost means a $50 change in electricity cost per acre foot. This does not include the cost to build the desalination plant or build a pipeline and pump the water from the coast to Tucson. CAP charges Rosemont a fraction of the cost of desalinated water. CAP policies greatly affect our state at this time of diminishing water supplies, climate change, and shifts in the pricing and supply of energy. CAP officials have acknowledged that the amount of Colorado River water available to Arizonans may diminish in the future and that CAP is looking to acquire new water supplies, including desalination plants. Currently Lake Mead contains 1/2 the water it did in 2000 due to the drought conditions.
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