To Get to $7B in Gold, They Have to Wrangle Rare Rodents

To Get to $7B in Gold, They Have to Wrangle Rare Rodents

Adult chinchillas are pictured in France. (Getty images/slowmotiongli) (Newser) – An effort to pull 3.5 million ounces of gold from a site high in the mountains of northern Chile is expected to cost $860 million—$400,000 of which has already been spent on rodents. A colony of 25 endangered short-haired chinchillas has made a home at the site now under development by Gold Fields, as Ed Stoddard writes at Undark . To secure the deal, the South African-based gold mining company had to agree to trap and move the 25 animals previously hunted to near-extinction, which are protected under Chilean law. The project is seen as a test of how mining companies will respond to increasing pressure to limit environmental impacts, and it will be both pricey and time-consuming, stretching on for nine months from August. Some $400,000 has already been spent on non-lethal traps and population surveys. Then again, […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet