Mining bill opposed

Canada’s three largest gold miners are criticizing a private member’s bill that, if passed, would govern the activities of Canadian companies operating in developing countries.

TORONTO — Canada’s three largest gold miners are criticizing a private member’s bill that, if passed, would govern the activities of Canadian companies operating in developing countries.

Barrick Gold Corp. (TSX:ABX), Goldcorp Inc. (TSX:G) and Kinross Gold Corp. (TSX:K) say Bill C-300, which has passed second reading and is currently before a parliamentary committee, is “unnecessary and damaging to Canadian business.”

The bill, brought forward by Liberal MP John McKay, would allow the ministers of foreign affairs and international trade to receive environmental or human rights complaints about a Canadian company’s international operations.

If an investigation found the company to be in violation of the guidelines set out in the bill, the company might become ineligible for government support.

The three miners say the bill would risk Canadian companies’ competitive position, result in reputational damage, undermine their collaborative approach to corporate social responsibility and damage the Canadian economy.

They add that the bill doesn’t provide recourse against “frivolous and vexatious claims.”

and replaces the companies’ current collaborative approach to corporate social responsibility with a “simplistic, one-dimensional and punitive approach.”

“The bill will create a strong incentive for multinational mining companies to relocate outside Canada (and) to completely avoid Export Development Canada as a source of financing and political risk insurance with consequential negative impact on the Canadian economy,” the companies said in a joint submission to the government committee.

The companies say Canadian corporations with international operations are already governed by international standards and guidelines, as well as the laws of the countries in which they operate.

“The proper forum for redress and resolution are courts of law or responsible sovereign authorities where matters can be properly investigated on a timely basis — not political arenas,” Barrick spokesman Vince Borg said in a release.

The gold miners were backed in their opposition to the bill by international business law firm Fasken Martineau, which said the legislation was written too quickly without allowing for input from the companies it will affect.

The law firm said the bill, if passed into law, “would seriously disadvantage Canadian companies working abroad by subjecting them to onerous, unclear and unnecessary rules that would not apply to their foreign competitors.”

“If passed, Bill C-300 will undermine the competitive position of Canadian companies and could cause an exodus of mining companies from Canada and potentially render Canada a less attractive jurisdiction for mining investment,” lawyer Michael Bourassa told the hearing Thursday.

The companies have faced a barrage of criticism for alleged international human rights and environmental violations at hearings regarding Bill C-300.

MiningWatch Canada says the bill could help ensure Canadian resource companies follow human rights and environmental best practices when they operate in foreign countries.

Just Posted

Parenting: Every woman will have a different pregnancy experience

Wife whose hormones are unbalanced can be unpleasant experience

Men posing as repo men attempt to steal vehicle in Red Deer County

Two men attempted to steal a utility vehicle from a Red Deer… Continue reading

Red Deerian spreads kindness with one card at a time

One Red Deerian wants to combat bullying by spreading kindness in the… Continue reading

Bowden baby in need of surgery

“Help for Alexis” Go Fund Me account

PHOTO: First Rider bus safety in Red Deer

Central Alberta students learned bus safety in the Notre Dame High School… Continue reading

WATCH: Annual Family Picnic at Central Spray and Play

Blue Grass Sod Farms Ltd. held the Annual Family Picnic at the… Continue reading

Turning on Trump doesn’t buy credibility for black Americans

WASHINGTON — For years, Omarosa Manigault Newman stood at Donald Trump’s side,… Continue reading

Senior Chinese monk accused of sexual misconduct quits post

BEIJING — One of China’s most high-profile Buddhist monks has resigned from… Continue reading

Priests molested 1,000 children in Pennsylvania, report says

HARRISBURG, Pa. — A priest raped a 7-year-old girl while he was… Continue reading

Death toll hits 39 in Italy bridge collapse; blame begins

GENOA, Italy — Italian emergency workers pulled two more bodies out of… Continue reading

Constellation Brands spending $5 billion to increase stake in Canopy Growth

SMITH FALLS, Ont. — Constellation Brands has signed a deal to invest… Continue reading

Women-owned businesses generate $68,000 less revenue than men’s: survey

TORONTO — When Dionne Laslo-Baker sought a bank loan to expand her… Continue reading

Hedley frontman Jacob Hoggard’s alleged sex offences case returns to court

TORONTO — The case of Hedley frontman Jacob Hoggard, who faces three… Continue reading

Fredericton woman recounts terrifying moments after gunshots rang out

FREDERICTON — She awoke to the crack of gunfire, the shots fired… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month