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Thread: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

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    Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    I wouldn't vote down that kind of money,but if those villagers don't want that then thats their business.Hopefully the Swiss do not have any eminent domain laws that allow foreign owned companies to forcefully take property like the US has.

    Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine - Telegraph
    It was not a question many villagers will ever have to face - and theirs was an answer that even fewer would probably give.

    But when residents of a remote Alpine valley were offered a share of a fortune that would have brought them tens of millions of pounds, they said "No".

    Swiss banks may be bulging with gold ingots, but the inhabitants of a cluster of villages in the Medel Valley have shown themselves less than keen to dig the stuff out of their own mountains.

    After months of anguished debate, the villagers voted in a referendum last week to stop a Canadian mining company prospecting for the estimated $1.2 billion worth of gold ore believed to be lie in seams beneath the surrounding snow-capped mountains.
    It would have been Switzerland's first gold mine and one of only a handful in Europe but locals ran scared of the prospect of turning their valley into a miniature version of the Klondike.

    In doing so they rejected a windfall of around 40 million Swiss francs (27 million) over the next 10 years a veritable bonanza for the 450 inhabitants of the picturesque valley.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    I hadn't heard about this, but I'm not surprised. The Swiss never put profit above the preservation of the natural beauty of our land, especially the mountain folk. Good for them. I would have voted as they did if I lived in that area.
    "Yes, but are you a Protestant atheist or a Catholic atheist?".- Northern Irish joke

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    Re: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    I dream of the day where beautiful green spaces will take precent over ugly ass condos.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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    Re: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine
    Villagers almost anywhere in the world would be celebrating if more than a billion dollars of gold was found under them. But not in Switzerland.
    I think the issue is that the Swiss in this village are privileged enough to choose their town not be virtually transformed into something indistinguishable from its current form and the several square miles around it be transformed into industrial wasteland.

    Out of 270 residents 40 million swiss franks puts it at nearly 150k franks each inhabitant... is that worth the move somewhere else and buying a house, or if one stayed and had to leave their house and occupy a 'new town' when it was built (nothing like their historical village)? It'd essentially be a miners town with 200 something original inhabitants once things started moving. Not to mention industrial noise, pollution, etc etc etc. They likely made a good choice.

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    Re: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    Money is not everything.
    Apart from that if those 1.2 billion are spread over 20-30 years, it's not much of benefit.

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    Re: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    Quote Originally Posted by Canell View Post
    Money is not everything.
    Apart from that if those 1.2 billion are spread over 20-30 years, it's not much of benefit.
    I'll take 1.2 billion over 20-30 years than no billions over 20-30 years. So yeah, definitely a bit of a benefit at least in hard dollars. Environmentally? None.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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    Re: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    1.2 billion in gold value or total revenue, the negotiated payout to residents was less.

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    Re: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    Mining companies are illegally doing the work and they are damaging the nature property. Today for Gold and next for Coal. We have to protect the nature.

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    Re: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    Keep in mind how ridiculously inflated gold prices are at the moment. If the market returns to historical averages, that 1.2 billion could easily be worth only a third of that.

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    Re: Swiss village in Alpine valley votes to turns its back on $1.2 billion goldmine

    Quote Originally Posted by rathi View Post
    Keep in mind how ridiculously inflated gold prices are at the moment. If the market returns to historical averages, that 1.2 billion could easily be worth only a third of that.
    was there any mention on the life expectancy of the mine?

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