Toxic waste contamination leveraged in boardroom battle over small Canadian mining firm | CBC News
Some shareholders of Core Gold, a
Vancouver-based and Toronto-listed junior mining company, are adamantly
opposed to a takeover bid by Australian-listed Titan Minerals.
Vancouver-based and Toronto-listed junior mining company, are adamantly
opposed to a takeover bid by Australian-listed Titan Minerals.
Supporters
of the deal, including Core Gold’s board of directors, say the takeover
is crucial for bringing fresh capital into the cash-poor company so it
can start developing a series of potentially lucrative mineral
concessions in Ecuador.
As part of their effort to rebuff the
takeover, Core Gold’s former CEO and some shareholders have been
leveraging serious environmental violations reported by Peruvian
prosecutors at a facility Titan was leasing in Peru, including
improperly disposing of cyanide-laced tailings.