I would like to take this opportunity to voice my opinion against the Kensington Mine's current plans to build in the Berners Bay area. It is rather short-sighted to let a company with such a terrible pollution record as Couer d'Alene Mines/Coeur Alaska to essentially destroy an otherwise stable area.
As the ruins of many mining operations within our city limits will attest, gold mining is a precarious business, existing on the knife-edge of profits and the variable price of gold on the world market. Coeur itself has postponed plans to build this mine based on insufficient profits.
So how long will this new mine operate until it too becomes a ruin? And who will be stuck with the environmental cost? Will the destruction of the Lower Slate Lake drainage as well as other coastal ecosystems be the legacy of a few short-term jobs (mainly for Outsiders) and profits sent Outside?
In the end, the risk is all ours and the profits are all theirs.
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