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Mona Shield Payne / Special to the Las Vegas Sun
Chancellor Jim Rogers talks about issues other than education that are impacting Nevada’s budget crunch during a town hall meeting on education Monday on the UNLV campus.
Saturday, March 2, 2013 | 2 a.m.
Television station owner Jim Rogers has accused the Nevada Mining Association of “blackmail” and “bullying” over a news series critical of the mining industry.
The Nevada Mining Association canceled its advertising contract with KSNV Channel 3 after the station ran an investigative four-part series on the mining industry and how it pays state taxes.
“These people are unbelievably rich and they are unbelievably powerful and they’ve got no trouble using the power,” Rogers said in an interview. “They tend to have a kneejerk reaction to everything and they seem to have the attitude of ‘how dare you question what we do?’ If you even question it, you’re going to be punished, and they picked the wrong guy to do that with.”
Rogers released a statement Thursday saying “these are the tactics of an industry that uses 1950s bullying to get its way. Those tactics would never have worked against us and never will.”
The Nevada Mining Association decided to pull the ads Feb. 25, the Monday after the series ran, said industry spokesman Tim Crowley. The cancellation affects three weeks of ads, the tail-end of the association’s contract with the news station.
“Channel 3 was highly critical of our public awareness ads,” Crowley said. “It became an easy decision to no longer run them … we said, if you’re critical of our ads, we won’t run them.”
The investigative piece zeroed in on the public awareness ad campaign launched by the industry this year to boost its public image in the run up to the legislative session, where a bill to remove its constitutional tax position is under consideration.
Rogers said the ads were worth $9,000 but did not specify what revenue the news station would have earned if the mining association had renewed its contract.
The series, which aired Feb. 18-21, shows Channel 3 reporter Reed Cowan saying the Nevada Mining Association is “pumping big bucks into big ad campaigns to convince you they are good for the state. That’s the message hitting at exactly the same time as a piece of legislation threatening to take mining out of the state constitution.”
The legislation, Senate Joint Resolution 15, proposes to remove the mining industry’s separate tax rate from the state constitution.
After the first part of the series ran, Channel 3 vice president of news Bob Stoldal said Crowley called the station’s attorney and said the station could lose advertising with the series.
Crowley said he did talk to Doug Hill, the station’s attorney.
“I’ve known Doug for years and asked him his impression of the first show,” he said. “I did not ask him to stop the series.”
The series aired during the Legislature’s first month in session.
Amending the constitution as the legislation proposes to do requires the measure to pass the Legislature twice before subsequent public approval on the ballot.
The measure passed the Senate and squeaked through the Assembly on the last day of the 2011 legislative session.
Two years later, the measure has yet to see action during the first four weeks of the legislative session. Proponents of the legislation fear that the mining industry has used the interim to persuade legislators not to pass it.
“Nevada legislators too often have backed down on legislation that would have made the mining industry pay the true value to the state of Nevada for what it takes from the state,” Rogers said in the televised statement.
Former Sen. Sheila Leslie, D-Reno, was featured in the Channel 3 series as a critic of the mining ads and a booster for the mining legislation.
She and former state Senate Majority Leader Steven Horsford drove the legislation to passage during the 2011 session.
“They never like it when a spotlight is shown on mining taxation,” she said.
Rogers said that while he’s upset with the decision, the station will continue to do “fair and straight” stories about the mining industry.
“They’re way off the mark and completely out of line,” he said. “I find it offensive and repugnant. At some point, the issue is over, that’s the end of it. They did what they did and we did what we did, and that’s the end of it.”
Like mining or not
Want mining to pay taxes or not
Jim is a crybaby for the cancelling of ads on his TV
Jim is a rich man he will survive
Wow! Honest journalism. That's very rare today.
The resources of the State of Nevada below to Nevadans not rich powerful politically connected aristocrats.
It is time that Nevadans take back what it really theirs and tax our resources as they are being depleted.
Once there gone, we will all be left out to dry.
I say the Nevada mining industry is not that powerful as everyone thinks they are. Mainly because they can't continue to follow along with a strategy of buying everyone off.
Everyone knows they are ripping off the State of Nevada, taking what they reap out of the ground not only outside the State, but outside the country as well.
The problem is that the more the people become aware, the more our Governor runs interference for them. After all, Governor Sandoval worked as a lawyer for a mining lobby firm (Jones Vargas) before he was elected into office. Guaranteed he's in their pockets and would never sign one single piece of paper that would authorize the mining companies to pay their fair share.
Having said that, put this on the ballot. Let the people decide.
Call it unfair. Call it what you want.
Put it on the ballot.
Let the people have their say at the ballot box. Take the biased Governor and our State Government out of this equation. It's our State. It's our Government. Not theirs.
Ditto Colin.
Thanks to Jim Rogers for investigating and by informative revelations, exposing a bit of the control held by those whose image lies behind a secretive veil of underground activities and unseen profits driven by Wall Street business acumen and international conglomerate capitalistic nature.
Put it on the ballot.
It may be their gold to take and sell. And it may be our right to tax it fairly. Let's see, Nevada.
Put it on the ballot and let all of us poor people vote, once we see how much money they have taken and made from OUR state.
Put it on the BALLOT!!
When someone like Mr. Jim Rogers get's an organization upset by showing people what that said organization does to the set of Nevada and pulls there advertising money, that's a interesting story in it self.
Mr. Rogers may have some issues about cretin things but this is not one of them. This issue effects all Nevadan's. Mining has not paid is share in taxes since the inception of this state. KSNV Channel 3 did a great job in showing that many people in Carson City that are elected individuals appear to be in the hands of the mining industry. That was brought out in the news. I am hoping "shame" will be brought to bear to the legislature when it come to the industry.
Thank you Mr. Rogers and the folks at channel 3
Future,
Jim'll survive. He's rich.
But the point ain't Jim. Jim's point is the rest of us peons.
UNder our feet these gold guys are nabbing what they can and getting rich selling Nevada. OKAY and good for them!
And good for us because in our hands the Consti-goddamn-tution places the right to tax those goldy profits and that revenue.
Now see how those guys have utilized the early-day provisions which were designed to enable mining when there was none, provisions in law which encouraged mining to develop on an ongoing basis.
Today mining is well developed as a processing and engineering science.
The continued utilization of provisions in law which were designed to feed an upstart is like an adult sucking on the breast of its tired OLD mama who has other babies neglected because of the miners gnawing and slurping away just like they had no TEETH!
Gee, what cry babies! Rogers and all the rest of you lefties! Not doing business with those you dislike or would harm your interests is done on a daily basis. I know. I do it. There are companies I will not spend a dime with because I do not like either the way they do business or whom they support. There are actors that I wouldn't cross the street to see in a film or on TV because they nauseate me with their socialist agenda. I rarely watch anything on Channel 3 or NBC because of their overtly leftists sop. Kudos to the mining industry for flexing what muscle it has in opposing Rogers leftist agenda. Hitting him in the pocketbook shows just how big a hypocrite the guy is. He whines and cries like a child who's toys are witheld for bad behavior.
LOOK, it's the "You didn't build that" crowd.
Seems to me Rogers is the bully here. He owns a TV station and uses it to slap whomever he disagrees with. He doesn't want to pay higher taxes than the mining industry so he tries to brainwash people that mining is bad.
Free gold is a very good deal.
Barrick, Newmont and other global conglomerates have been screwing Nevadans for more than 100 years so why the anti-mining stink now? Is it because, during a time of deep spending cuts to education and other critical programs the state's residents are sick and tired of being a reliable cash cow for an industry that has milked it dry?
***
http://lasvegascitylife.com/sections/opi...
Hugh Jackson: Nevada funds mining's big mistakes
"The biggest gold producers in Nevada (and on Earth, for that matter) have been blowing billions of dollars on sketchy projects around the world.
Fortunately for the companies, the one place in the world where they make the most money (that'd be us) taxes them very lightly, so they've had billions to blow."
By contrast, residents of Alaska have been sharing the extraction of their state resources with an annual individual fund ranging in the last few years from about $900 to well over $1500.
But there will always be those who feel as Warrior does - that since the mining industry clearly IS making lots of money and they have purchased the legislative clout to remain essentially tax-exempt while this rape and pillage continues awhile longer that these actual investments into the underworld of both planet and constitutional rights ENTITLE them to continue to funnel all the resources available into their pockets and stockholders' pockets.
Well, he has something there. They actually DO own the legislative process and have gone on record with acknowledging 'little bags of gold' distributed to elected officials, but hey nevada is just a kinda 'nod 'n wink' desert of integrity anyway, right? so it's the way we always did it, right? and YES they did build it! ..the funnel
If Nevada were on a sane and reasonable playing field in terms of equitable taxes from mining as the rest of the known world, the recent rises in gold values multiplied by some of the most lucrative money holes in the world would be dropping $21,239 into the wallets last year for each of the 2,758,865 of us wandering around looking for the sound of work, listening for the smell of money, and sniffing for the texture of certainty in a land of sand and gold.
While I admire Mr. Rogers for standing up and exposing this fact is the Mining industry is not really the one at fault here.
Long before any of us, including Mr. Rogers was born the constitution of Nevada set up the rules for the mining industry. They are following those rules and not paying much to the state for all the gold they are taking out of the state. They are profiting big time right now.
Mining does not have to buy legislative clout, they have the constitution on their side at this point. Will the elected officials step up and change that? No, they have no reason to stir the pot. The people of Nevada have to step up and put this on the ballot and get the constitution changed so they pay as many would say "Their Fair Share."
Mr. Rogers stepped up and stirred the pot and now it costs him money. He can afford it but he has done more than anyone posting here on either side of this argument, he brought it out into the sun light for all to see. Damn him if you will but fact is this man has done a lot for Nevada, our schools and our valley. Most posting here can not say the same.
Are you ready to get off your put and change the constitution or just sit back and complain about others trying to make things right?
ooops,
s'more like $2,123.90 per Nevadan in 2012
If there's COFFEE, well, then nobody gets hurt. But if you don't have your coffee, then just remember you could be risking your life out here...
The 2011 Barrick Mining annual report is out. If you read it, there are some very interesting facts that emerge. This is a link to the Barrick Annual Report for 2011.
http://www.barrick.com/files/doc_downloa...
Barrick Mining either owns outright, or is a partner in a joint venture in 7 gold mines in Nevada. To determine my estimate a profits for 2011, I assumed the price of gold at $1500 per ounce, or less. The current price for gold is in excess of $1750 per ounce. The first four mines listed are totally owned by Barrick Mining. In 2011, according to their own figures, Barrick Mining produced almost 97 TONS of gold from their Nevada Mines. That is same weight as 16 full size, original HUMMERS. Barrick Mining has reported record profits and dividends in both 2010 and 2011.
The Cortez Hills Mine produced 1.42 Million (44.375 tons) ounces of Gold at a cost of $245 per ounce. If you assume a conservative profit of $1000 per ounce, you get a profit for the Cortez Hill mine of $1,420,000,000. Barrick paid a total of $47,300,000 in local and state taxes last year.
Bald Mountain Mine produced 93,000 ounces (2.9 tons) at a cost of $558 per ounce. Assuming a profit of $900 per ounce for the Bald Mountain Mine, you get a profit of $83,700,000.
The Gold Strike mine produced 1.09 MILLION ounces (34.0625 Tons) at a cost of $511 per ounce. Again assuming a profit of $900 per ounce for the Gold Strike mine, you get a profit of $981,000,000.
Ruby Hill mine produced 127,000 ounces (3.96875 tons) at a cost of $334 per ounce. Assuming a profit of $1000 per ounce for Ruby Hill, you get a profit of $127,000,000.
Barrick Mining is involved in three joint ventures in Nevada.
Barrick owns 33% of the Marigold mine. Barrick's share of production was 51,000 ounces (1.59675 Tons) at a cost of $761 per ounce. For the Marigold mine, assume a profit of $700 per ounce. The total profit would be $35,700,000.
Barrick owns 50% of the Round Mountain mine. Barrick's share was 178,000 ounces (5.5625 Tons) at a cost of $612 per ounce. Assuming a profit of $800 per ounce for the Round Mountain mine, we get a total profit of $142,400,000.
Barrick owns 75% of the Turquoise Ridge mine which produced 135,000 ounces (4.21875 Tons) at a cost of $569 per ounce. Finally for the Turquoise Ridge mine, assume a profit of $700 per ounce. This would give a profit of $ 94,500,000.
Barrick is actively exploring in the Carlin Trace in Nevada. The Carlin Trace is one of the richest gold deposts in the world. Barrick's annual report shows that 44% of the companies income comes from North America. Don't forget that Barrick is also mining silver along with the gold in Nevada. If you add all of the projected and conservative profits, the total is $2,884,300,000. This is a conservative estimate.
The Nevada Constitution MUST be changed in regards to MINING.
When the Nevada Constitution was first written, MINING was there in full force, to insure protection for themselves at the cost of everyone else here in Nevada, including depleting the state of its treasure, sending that treasure out of state and out of the country, and paying a pittance in return for it.
Nevada Legislators have been "backed" by MINING since, and they do MINING's bidding, protecting MINING's interest in taking all they can from Nevada and returning next to nothing.
Nevada has never been able to consistently care for its infrastructure, because of this "sweet deal" MINING has for nearly 150 years.
Commentor ColinfromLasVegas has it right with, "Put it on the ballot.
Let the people have their say at the ballot box. Take the biased Governor and our State Government out of this equation. It's our State. It's our Government. Not theirs."
IF MINING ever paid an average of what MINING pays to the other 49 states in the USA, our state would be doing much, much better. Let's make it happen!
Blessings and Peace,
Star
Turnabout is fair play, Mr. Rogers. You preach and admonish Nevadans as if we're your kids. Grow up and initiate fair play. All Rogers does is preach to increase funding on public K-12, broken K-12 that money will not fix. Further bankrupting our economy is NOT going to help anyone--except maybe teacher salaries and old-school economics that do not work.
Quit whinning about what all these mining companies are making and go get your fair share of the GPD that tanker is yappin about. if you want to make a lot of money go work for one of the mining companies and reap the benifits.Jim Rodgers wants to take mining dollars and put in his pocket and then wants to trash talk the mining industry!
Whats that saying about cake?
All of the mining companys are hiring all of the time and they have jobs all around the world for those willing to learn a trade.
Some people are makers and some are tankers, some are sucsessfull and then some are not.
This is a way that you can express your opinion on SJR15. This resolution would remove the constitutional language that protects the mining industry.
It is very simple to use. Follow the link. On the first pull down link find SJR 15 or type in SJR 15. Follow the directions. Your opinion will go to both your assemblyperson and to your state senator. Let them hear from you. It takes less than 5 minutes.
https://www.leg.state.nv.us/App/Opinions...
Where's the "You didn't build that crowd" when Wall Street, casino's and world banks are clearly position under that golden funnel also? Where was the big concern when your own Senator and Clark County Commissioners were giving away property to communist China for one eighth the appraised value even after the self inflicted bailout caused Obama depression? Where's the crowd of self declared intellects when your own government is borrowing money from communist China, to buy Smart Meters made in Mexico to keep track of your share of power used from a generating system you paid for, from resource in Nevada that's free? Yes, it is a nod wink-wink desert state of integrity, but rape, pillage, blackmail? Come on now! There's plenty of gold in Nevada, go buy a pan and get started chancellor.
Unless a person is killed in Nevada's mining industry...mining complaints are not investigated by NV or the Feds. Both NV MSATS and MSHA are in the paid for protection racket business!
The NV AG issued an opinion in 2012 to the Silver Peak Ad Hoc Advisory/Nevada Children, unequivocally stating that caustic hazardous toxic process errs flowing across NV SR 265 into a children's playground (that is already contaminated w/mercury from past mining operations above nearby) with play fixtures paid for by Esmeralda taxpayers and within 200 feet of homes, people, gardens, and animals is ok fine. Does this sound as if our top NV elected officials care or even give a hoot about anyone's health or safety except their precious own situation?
I believe mining is important to sustain modern living today, however no investigations for timely reported pollution, safety, health and harassment violations in Nevada Mining Industry continues to enrichen certain aristocrats while causing hardships and misery for all Nevadan's including past and present working shift miners and or unsuspecting children playing in pollution who's state's highest officials are paid off with campaign donations and or political favors while continuing to NOT see hear or investigate ANY violations in Nevada's Mining industry.
Thanks Governor Brian Sandoval and Attorney General Katherine Mastos-Cortez for being so invisible on important issues and showing ALL Nevadans who you really are"
PRupp using PO Box 125 SP NV 89047
Jim Rogers claims the mining industry is unbelievably rich, but he can't cite a number or a source for his information. This is standard liberal news making, not news reporting. You want to tax the mining industry so bad that you are willing to lie in the media; try to remember that you (everyone of you) are a consumer of all mining products. When you tax the mining industry, you are raising the cost of the end items you buy--taxing any industry is a self-inflicted injury everytime.
1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it!
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that is the beginning of the end of any nation.
Sent to me from my Mom, from some internet posting and thought I would share it with UALL.
50% of this households dollars are from mining.
You know the routine so bend over, idiotic Nevadans. You'll hardly feel a thing when Big Mining cashes their corporate welfare checks, laughing all the way to the bank vault that's stacked to the ceiling with YOUR gold.
Being poor, uneducated and powerless can be an excellent character builder.
"These people are unbelievably rich and they are unbelievably powerful and they've got no trouble using the power," Rogers said.
Pot, meet kettle.
@Thea-Patriot. Please see my post of 8:38AM. Does the Barrick Mining Annual report count as a source?
How about these.
Cortez Hills.
http://www.barrick.com/operations/north-...
This is the link to look at all of Barrick's mines in North America.
The numbers I used in my post came from this site.
http://www.barrick.com/operations/north-...
All the money that the mining companies saved by not advertising on Jim Roger's TV station will go to bribe the State Legislators.
Being poor, uneducated and powerless can be an excellent character builder.
Blame the parent, the educator or the individual, but dont blame the Big Mining companys.
"..dont blame the Big Mining companys(sic)."
See how successful our education system is?
The mining interests here pay essentially nothing to take Nevada to the bank; most states tax this depletion of significant wealth in order to provide some lasting value to the inhabitants.
Nevada is not one of those states. See?
Education is a good remedy for the wonderful characters evolving from the exquisite poverty which 2UALL glorifies in his nuanced support of the theory that mining's impoverishing of our state is GOOD for us!
But don't take my word for it. Try it yourself!
This is an interesting article. The Barrick mines in Nevada produced over $8,760,000,000 and paid $104,000,000 to the state of Nevada. The contract with the Domincian Republic has Barrick Mining paying 3.2% of the gross production, 25% income tax and 8.75% of net earnings or an estimated total of $11,000,000,000. What's wrong with that picture?
http://www.newsreview.com/reno/back-to-t...
When will the educators take responsibility for their failures?
I think I had a teacher called Joe Lamy!
@2UALL. When will the politicians take responsibility for cutting education funding by $700,000,000? When will the politicans take responsibility for letting Nevada stay at the bottom of all education ratings? When will the politicans take responsibility for failing to act to change the tax structure in Nevada to adequately fund the services needed by the citizens of Nevada? When will the politicans take responsibility for not diverisfying the economy of Nevada?
Me too!
Nevader's relationship with the mining industry...
Willful ignorance.
'We can't tell em' what to pay us! They might run away!'
Not only did they write their own laws to allow MAXIMUM absconding of our precious resources for a MINUSCULE tax, NO ONE in the state hierarchy bothered to keep them even remotely honest in regards to paying those meager, token remunerations...they CHEATED their butts off!
A state that relies largely on 2 industries to pay the freight... allows them both to decide how much they'll pay...in part because folks like fink think that THAT'S GOOD!
Nevada should be FLUSH with cash; awash in the stuff...
but, NOOOOOO! 'Principled' people like fink think that it's heresy to 'take money' from the Captains of Industry in Nevada...we might OFFEND THEM!...because theoretically, they could go steal gold & silver and con tourists out of their cash somewhere else!
HA!!!
And a farmer and a framer. A builder and a real estate agent, loan officer, developer. An energy auditor and a solar guy. A hat, shirt, pants and jewelry man with import business from Bali. Landlord and poet, writer of novels and kiddie lit, maker of movies and Instructional TV shows for consortia. Retired and re-working for the joie
yep I had that guy for a lot of stuff too. did you get as much out of him as you wanted?
"Let me get this straight"
When will the politicians take responsibility?
As soon as you quit voting for the ones that promise to give you everything under the sun that they did not pay for, thats when.
@2UALL. So politicans should not provide any money for services to the citizens of Nevada. They shouldn't fund schools, roads, social services, mental health services etc? Those are some of the things that they promised.
When will northern Nevada's welfare cowboys quit mooching off of Las Vegas and Clark County?
We're sick and tired of our tax dollars being spent to subsidize free gold for Big Mining.
"Long before any of us, including Mr. Rogers was born the constitution of Nevada set up the rules for the mining industry."
-------------------------------------------------
I don't know about you, but I do know that I (and Jim Rogers) were both alive when the current constitutional provisions were put in place with respect to mining. This occurred in 1989, not 1864.
Otherwise, I would only observe that I really don't think the word "blackmail" means what Jim Rogers thinks it means.
Personally, I like civilization. Back in the wilder times, there was a whole lot less CERTAINTY about laws and justice and respect for what we are calling our social fabric - the you and me and other folks too.
With our political framework cobbled together in its fluid but semi-permanent condition, we get to enjoy some of the fruits of that certainty - clean water, clean air except near the coal-fired power plants, electricity, the internet, roads, fire and police, schools, medical and social institutions of all stripes.
I really DON'T want anybody but ALL of us to own these chunks of our fabric because this way we ALL use them and we all own them.
This way we all have skin in the game and a reason to encourage mutual independence and a healthy interdependence, a growth among peers and a respect for the giants on whose shoulders we stand and gaze into the murky cloud of tomorrow.
What is the "fair share"? Do most of you even know how much is paid by the industry or are you inferring that mining doesn't pay its fair share based on hearsay? I'm really curious as to how much is enough/fair, exactly? Enough to bail out Las Vegas which has done a fabulous job ruining its economy by becoming dependent on a tax base from a single industry (read Gaming) and by not controlling growth or investing in sustainable business practices? Should we just sub the dependency from Gaming to Mining?
If global mining companies were not making huge capital investments in the state to build mines and process and sell the resource, who exactly would be doing it? Business involves exporting a resource and importing wealth. Wealth is imported - just look at the economies in the Nevada communities where mining takes place. Unfortunately, very few Las Vegans are lining up to work in the rural areas where mining operates. You want to profit, get out of the nightclub and get an education in engineering. Also where are all the Nevada corporations lining up to invest the millions and sometimes billions of dollars in start up capital that it takes to explore, permit and build a mining operation? The economy is global people. Nevada has to play in the global market which means letting "our" gold out of the state. The news stories Roger's network ran were biased and insulting. Lobbying is a part of the legislative process and ALL industries have lobbyists in Carson City. Voters should be insulted by Cowan. Most of us voted for representatives who we consider intelligent and capable of representing constituent issues. For Cowan to infer that these very same representatives are easily swayed by a couple of perks paid for by the mining lobby is insulting to the voters and to the legislators themselves. The lobbyists know the industry and unlike Cowan (who has probably never even been to a mine) are there to educate. Compare what ALL industries are spending on lobbyists and mining doesn't look like such a bad guy. And as far as Rogers: pot, kettle, black. I suggest that viewers not succumb to bias/blackmail from the media.
So politicans should not provide any money for services to the citizens of Nevada.
Politicians do not provide a dime to the citizens in the state of nevada, they take it from the citizens.
I would feel better if the citizens were employed and paying their fair share of taxes.
When is the last time you received somthing from a politicion worth bragging about.
Schools, another subject by itself. Mismanagement, cost over runs, unions, bad students, bad teachers you could go on about this forever.
state education is running on empty like the federal government.
Healthcare---No excuse for not providing it to any and every US citizen.
Big Mining and Mining Employees pay a substancial amount of taxes in the state of nevada and to the federal government.
Over regulate it and it's done for the employees of the mines.
You want money and the politicians of nevada. passed on yucca! now there is a case of stupid, nevada could have been the most federally funded state in the union
@Lllonka. Barrick is paying the Dominican Republic 11 BILLION for one mine. Multiply by that by 7 for the 7 Barrick mines in Nevada, and it comes to 77 BILLION over the next 10 years. Works for me.
@2UALL. This is a story FOX News ran on the mining taxes paid to the Federal government. The sad part is Barrick mining paid more to Nevada, 104 Million than they did to the Federal government.
http://www.foxnews.com/politics/2011/05/...
@Tanker1975 what is Barrick currently paying in taxes here? What was the price of gold when they negotiated contracts with the D.R.? What was their up front capital investment in the D.R. vs.at their mines in Nevada? What if they end up paying more or re-negotiating contracts in the D.R., do we then ask for more too? Seems odd to base our legislation on what other countries are doing. Especially countries known for rampant government corruption.
We should vote for Barrick Mining to run the country, as they have proved themselves to be more proficient at producing jobs and profits in the world theatre than the federal government.
Imagine a government that could pay it's expenses before it incurred them.
These are the kinds of questions we as viewers need Jim Rogers/Reed Cowan to answer and investigate in order to provide an unbiased view of the issue.
Tank
put down the kool-aid, I was responding to U from
your 2:59 opinion.
@2UALL I agree. Read that Barrick actually pre-pays taxes to the state before payments are due.
Mining is a powerfully entity just like casinos.
They bring tons of jobs and economic activity to the state.
They donate tons of cash to the politicans.
Instead of removing the ads, they should have triple the rate of them running.
It is doubtful that Democrats will go against mining.
I hope they do.
It would hurt the Democrats in the long run.
North America is Barrick's largest producing region with production of 3.38 million ounces of gold in 2011, or 44% of total production, at total cash costs of $426 per ounce.
The region has 59.0 million ounces of proven and probable gold reserves, representing 42% of the company's total reserves.
In 2012, gold production is expected to be in the range of 3.425-3.55 million ounces at total cash costs of $475-$525 per ounce. Pueblo Viejo is expected to contribute about 80,000 ounces of gold to Barrick in 20123 and is anticipated to contribute an average of 625,000-675,000 ounces to Barrick annually over the first full five years of operation at total cash costs of $300-$350 per ounce.
Beyond 2012, we have identified various opportunities to add production within North America, including the recent Goldrush discovery in Nevada.
This is the link to the Barrick Mining document on mining in North America.
http://www.barrick.com/operations/north-...
Barrick paid about $104,000,000 to Nevada last year. They prepaid taxes for one year during the worst of the budget crunch.
This may help you understand some of the recent history of taxes paid by mining to Nevada.
Coincidentally, Barrick Gold of North America issued a news release Thursday announcing it had paid record state taxes on its Nevada operations, prepaying $101 million in net proceeds of minerals taxes to the state on March 1, based on estimated 2011 operating results.
However, Nevada Department of Taxation projected figures published by the Las Vegas Review Journal reveal Barrick's Nevada operations are expected to earn gross revenue of $3.72 billion this year with allowable deductions of $1.73 billion, resulting in net proceeds of nearly $2 billion. Net tax after credits is projected to be $101.9 million this year.
Nevada's second largest net proceeds of mines taxpayer, Newmont, is projected by Nevada taxation officials to pay $33.7 million in net proceeds taxes this year as Newmont's Nevada operations are expected to earn a gross revenue of $2.21 billion with allowable deductions of $1.59 billion, resulting in net proceeds of $620 million.
In total, the Nevada Department of Taxation projected that mining companies would claim $4.2 billion in tax deductions in 2011 as many global mining companies proclaimed record earnings last year, thanks to record metals prices."
http://www.mineweb.com/mineweb/content/e...
Tank
I have to call B.S. on this one, Can you provide a video....Please!
Follow the links in my post of 7:08PM
Here is a link from the SUN.
http://www.lasvegassun.com/news/2011/feb...
How about this from the RJ.
http://www.lvrj.com/opinion/forget-audit...
Or this link from Channel 8 in Reno.
http://www.kolotv.com/home/headlines/Min...
And the final video from Channel 2 in Reno.
http://www.ktvn.com/story/21202449/law-c...
Tank
I was joking around with you.
Sorry for my sense of humor.
I am very well aware of the mining industry, as i have family members who work for Barrick and I have moderate investments with them.
Of course Jim has never used his power as the owner of a major television station to get what he wants. He may be the biggest bore in Nevada.
I might be less sympathetic to the mining industry, except the teachers' pension fund is sucking more money that could benefit schools, than any mining consortium. In Calif. it's schools vs. prisons--in Nev. it's schools vs. mining. That's pretty bizarre. Tanker, if Barrick pays more state tax, what makes you think that CCSD is going to get it all? I'm sure firemen are going to want their share. If gold is so valuable now (it's hit a low of $1575 an ounce) then NVPers should start investing in SPDR Gold shares trust (GLD). The pension fund might really grow at its assumed Bernie Madoff 8% annual return.
http://money.cnn.com/quote/etf/etf.html?...
There's not one big business out there that pays there fair share. Mining , gaming, and the rest of them all have lobbyist in Carson City wining and dining the state officials to go with the status quo and leave things alone, it's always been that way and always will be because we will never have honest legislators that work for the voters.
Commenter fedup2here, truly said it,"
There's not one big business out there that pays there fair share. Mining , gaming, and the rest of them all have lobbyist in Carson City wining and dining the state officials to go with the status quo and leave things alone, it's always been that way and always will be because we will never have honest legislators that work for the voters."
And until we eliminate the 2 party political system, voting won't fix much of anything. The rich get richer, and the poor get poorer. That's it.
Blessings and Peace,
Star
So Jim,
It is OK for you to be critical of one of your advertisers, but not OK for them to stop advertising?
Have you thought about not biting the hand that feeds you?
If you make a fair presentation, reporting FACTS without BIAS, then no one can complain. Do a hatchet job, and you get what you get.
I am a mining activist in Arizona--not a fun assignment. I am so elated to know there is one newspaper in U.S. that will tell the truth. .. although the New York Times did have a good article recently. I haven't read Mr. Rogers articles yet--but I definitely will.
I am attempting to just do one thing--keep mining out of our National Forests. They were created for entirely different reasons. Their permitting does not follow the 1872 mining law at all. I did some research: http://www.savethesantacruzaquifer.info/...
Actually, the mill issue with patented land would apply to BLM land also.
We have a case near me (Tucson) that the pit is 40% unpatented, plus the Canadian mining company plans to use 4,000 acres of unpatented land for their milling, tailings and waste piles. They will be destroying 33,000 mature trees --including old-growth oaks (yes, we have great oaks here).
For anyone interested in looking into the legal aspects, I am putting all the documentation--laws, regs, etc. on www.celebrate-earth.com.
I am also making posting lists of the current permitting in National Forests--16 projects in process in the Humboldt-Toiybee NF.
We need to work together to save the environment that supports life on the planet!