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Streets paved with gold?...no streets and not gold, but

by JP Bill / May 17, 2009 6:40 AM PDT
Canadian company caught in fight over rubies

In just 48 tonnes of ore, the company found 65,000 grams of gem-quality rubies, including single stones of more than 400 carats. Cut and polished rubies can sell for more than $3,000 a carat.

"On our property, you can walk for hundreds of yards (metres), if not kilometres, and step on rubies just about every step of the way," says CEO Andrew Smith.
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The big bucks
by Willy / May 17, 2009 2:43 PM PDT

If true and Greenland was as, "a whole govt. owned land" for the people then where can they sell it in the 1st place w/o the people's content or vote. It appears you follow the money, the answer is too obvious, the Intuit are getting shafted. If the corporate world is allowed to continue in this fashion it sets a prescient for future intrusions. -----Willy Happy

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who or what is society?
by James Denison / May 17, 2009 5:43 PM PDT
In reply to: The big bucks
"If (mining) is uncontrolled, how is society going to benefit?" he asks.

Just on the face of it, that's a stupid statement. It's like saying "if everyone (our citizens) can mine, how will our society benefit"? What is society? Everyone of the citizens is society. When your citizens benefit, then society has been benefited.

Perhaps the best way is to issues preferred shares with guaranteed dividend, regarding the enterprise to all citizens. Of course the government would prefer to get all the money and delegate it in social welfare programs as it sees fit instead.

Of course under socialism everybody owns everything and nobody does anything because of that. So, what's the answer? Cheat a bit and have some capitalism come along and help them out.
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Big money...
by Willy / May 18, 2009 12:51 AM PDT

The intuit are saying, "no" and are being pushed aside. In other words, once something of value can be had, no thought some form of excusable intrusion will formed. Its not that they can't benefit from it if allowed, but trying to stop it on their terms or becomes diminished once govt. gets involved.

Example: Sutter's Mill, the site of the famous Ca. gold rush when gold was discovered, his workers who were building the mill use that timber to develop means to get gold. As word got around, others also pretty much didn't pay and continued to trespass to get at the gold. Sutter and partners were powerless to stop them when trying to. They couldn't partake in getting "his gold" as he was trying to protect his property. Sutter actually died penniless never really benefiting from the gold found on his property. He(and partners?) did make some money by selling the materials that they had in storage, like shovels, food, etc..

FYI - http://www.sfmuseum.org/hist6/grush.html

tada -----Willy Happy

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(NT) That's why the people need guns. Lots of them.
by James Denison / May 18, 2009 4:11 AM PDT
In reply to: Big money...
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Conflict between traditional ownership rights as maintained
by Ziks511 / May 17, 2009 7:04 PM PDT

in Greenland, as opposed to what has become the model for business and governments now, derived from European development of law and private enterprise distresses me. Most places in the world until relatively recently, i.e. the 20th Century held land in common. Greenland, as a colony of Denmark falls under Danish law. Perhaps the Danes are as self serving as every other invader has been over the rights of the native populations.

It as sad to me to see Canada involved in a piece of doubtful moral practice as it is for me to see any country mistreat or legally cheat its indigenous population. Colonialism from the 16th Century forward has been an embarrassment to at least some people in those colonialist countries since the 18th Century, though that isn't how the colonialists at the time viewed it. It is easy to rationalize the dispossession of poor indigenous inhabitants in order to make a profit off mineral rights on their lands.

Think the British in South Africa, first gold, and then diamonds, chasing the first colonizers, the Dutch, further and further north. Both the Dutch and the British pushed the native population around.

I may be a one note tune, but I don't trust governments in collusion with business and vice versa, especially in the face of a prior claim, though it would be necessary to prove the prior native usage of the rubies.

This is the same issue as used to be true of companies who bought mineral rights for a few dollars, and then displaced the land owners because they were in the way of the coal seams their homes were on top of.

In Alberta there is a problem over what are called Sour Gas wells. This is natural gas contaminated with hydrogen sulphide. The way it appears to be handled is to light it on fire, and let it pollute the neighbouring areas. It can burn for years. Cattle deaths and crop failures have been attributed but the provincial government is in bed with the oil companies who provide massive revenue, and a lot of political support to the business friendly political party who have been running the province for a long time.

There appears to be no escape from these situations.


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