Cyanide Beach Synopsis

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InvestigativeMEDIA’s 24-minute video reveals the deceptive business tactics of Augusta Resource Corporation’s top executives when they operated a gold mine in Sardinia, Italy between 2003 and 2007.

Augusta Resource owns the Rosemont Copper Company, which is seeking government permits to build a mile-wide, half-mile deep copper mine in the Santa Rita Mountains on the Coronado National Forest southeast of Tucson. [Read more…]

A Sardinian gold mine unearths the deceptive business tactics of Rosemont Copper’s top executives

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Introduction

Augusta Resource Corporation is seeking government approvals to construct a massive open-pit copper mine and dump waste rock and mine tailings on more than 3,000 acres of the Coronado National Forest in the Santa Rita Mountains 35 miles south of Tucson.

The mine would be operated through Augusta’s wholly-owned subsidiary, Rosemont Copper Company.

Augusta, a Vancouver, British Columbia speculative mining company, has never operated a mine and has a very limited business history.

Five of the eight current members of Augusta’s board of directors, however, do a have mining history.

Between 2003 and 2007, these executives were on the board of directors of Sargold Resource Corporation. Sargold owned and operated an open-pit gold mine near the small farming village of Furtei in south-central Sardinia.

InvestigativeMEDIA reviewed Sargold’s publicly available business records and traveled to Sardinia and Vancouver to conduct interviews. The reporting lead to the video documentary “Cyanide Beach”.

InvestigativeMEDIA also prepared the following report on Sargold’s business history that includes a detailed analysis at the end of the historical narrative.

InvestigativeMEDIA offered to meet Augusta officials in Vancouver, but Augusta declined interview requests with the five current Augusta board members to discuss their actions as Sargold directors.

The history and analysis is annotated with links to Sargold’s press releases, regulatory disclosures, court records, Canadian mining claim reports, news articles and scientific studies on the unfolding environmental disaster left behind after the Sardinian gold mine was abandoned. [Read more…]