Obama asked to block Chinese investment in U.S. gold mine on security grounds

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All Forums >> [Casual Banter] >> Off the Grid >> Obama asked to block Chinese investment in U.S. gold mine on security grounds

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Obama asked to block Chinese investment in U.S. gold mi... - 12/20/2009 2:06:19 AM

pahunkboy

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http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=94728&sn=Detail

I wonder why the mine is allowed there at all then. Rather perplexing.

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RE: Obama asked to block Chinese investment in U.S. gol... - 12/20/2009 7:17:35 AM

DarkSteven

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quote:

ORIGINAL: pahunkboy

http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=94728&sn=Detail

I wonder why the mine is allowed there at all then. Rather perplexing.

*Chuckle* Because Easterners don't understand the West!

In the West, property rights are not necessarily linked to mineral rights. So you can own a property but not the minerals beneath is. You can actually see oil derricks on Colorado ranches pumping oil from under the ranchers' lands.

When the US Department of Energy signed the deal to secure the land for the Rocky Flats, they neglected to secure mineral rights. As a result, a quarry was started up on the site, a huge security risk.

The mine is fifty miles away from the site. There is no way that the government could have secured land that far away.

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RE: Obama asked to block Chinese investment in U.S. gol... - 12/20/2009 10:05:53 AM

SL4V3M4YB3

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I'm advising the PM to block the international takeover of Cadbury's for similar security reasons.

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RE: Obama asked to block Chinese investment in U.S. gol... - 12/20/2009 12:51:48 PM

pahunkboy

Posts: 33061
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From: Central Pennsylvania
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quote:

ORIGINAL: DarkSteven

quote:

ORIGINAL: pahunkboy

http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=94728&sn=Detail

I wonder why the mine is allowed there at all then. Rather perplexing.

*Chuckle* Because Easterners don't understand the West!

In the West, property rights are not necessarily linked to mineral rights. So you can own a property but not the minerals beneath is. You can actually see oil derricks on Colorado ranches pumping oil from under the ranchers' lands.

When the US Department of Energy signed the deal to secure the land for the Rocky Flats, they neglected to secure mineral rights. As a result, a quarry was started up on the site, a huge security risk.

The mine is fifty miles away from the site. There is no way that the government could have secured land that far away.

That makes sense.

Much of PA the mineral rights are separate... in one county the county owns it all. So this is NIMBY. Which you are correct- in the vast west is considerable disdain for outsiders. (to which in some ways I feel the same) (we had a firm from Philly try to site a hazardous waste incinerator here. The fight was very interesting. Did I mention - we won? lol)

(in reply to DarkSteven)

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