Update: InvestigativeMEDIA releases “Rosemont’s Power Play” report and announces digital release of “Cyanide Beach”

The multimedia project includes:

• Report:  A Sardinian gold mine unearths the deceptive business tactics of Rosemont Copper’s top executives. (Click Here)
• Timeline: The top officers of Rosemont Copper’s parent company, Augusta Resource Corporation, have a history of bankruptcies, cease trade orders and stock exchange delistings (Click Here)

The multimedia project focuses on Augusta Resource Corporation, a Vancouver, British Columbia-based speculative mining company that wants to build a massive open pit copper mine in the environmentally-sensitive Santa Rita Mountains on the Coronado National Forest 35 miles south of Tucson, AZ.

InvestigativeMEDIA reviewed thousands of pages of financial documents and conducted interviews in the United States, Canada and Italy to document the business history of Augusta’s key executives.

The probe uncovered a tangled history of cease trade orders,  an insider trading settlement agreement, stock exchange delistings, personal and corporate bankruptcies, false disclosure statements to regulators and an abandoned Sardinian gold mine that is creating serious, ongoing environmental problems.

Augusta owns the Rosemont Copper Company. Rosemont is seeking government permits to build what could become one of the largest copper mines in the United States, producing 240 million pounds of copper annually for approximately 21 years.

The mile-wide, half-mile deep mine would dump waste rock and mine tailings on more than 3,000 acres of the Coronado National Forest and destroy much of a watershed that provides runoff to a rare, shallow Sonoran Desert aquifer beneath the federally-protected Las Cienegas National Conservation Area.

 

© Copyright 2012 John Dougherty, All rights Reserved. Written For: Investigative MEDIA