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Counter Culture

Fool's Gold

By Adam I. Lowe
05 Apr 2000
Read more about: mining and drilling
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  • 125,000 metric tons -- estimated amount of gold mined worldwide since historical times


  • 2,500 metric tons -- amount of gold mined worldwide in 1998


  • 360 cubic feet -- amount of waste rock removed in order to produce enough gold to make an average pair of gold wedding bands


  • 31 -- number of fatalities in gold mines in the U.S. from 1994 to 1998, an average of 1 death per 54.2 metric tons of gold


  • 1,634 -- number of fatalities in gold mines in South Africa from 1994 to 1998, an average of 1 death per 1.6 metric tons of gold


  • $430 million -- 1999 profits of Anglogold Limited, the largest gold mining company in the world, which produces nearly half of South Africa's gold


  • $3.8 million -- contributions by mining companies and political action committees to federal candidates and political parties in the U.S. during the 1997-1998 election cycle


  • $0.8 million -- contributions by all environmental advocacy organizations and political action committees to federal candidates and political parties in the U.S. during the 1997-1998 election cycle


  • 105 A.D. -- year when the Roman Empire annexed the "Golden Quadrilateral" region of Romania, securing a valuable gold supply


  • 1998 A.D. -- year when the post-Communist Romanian government passed legislation allowing foreign investment in its mining industries, attracting investments from Australian, Canadian, British, and U.S. firms


  • 13 -- the number of documented pollution spills from Romanian mines since 1998




  • Sources:
    1, 2 -- U.S. Geological Survey, "Gold" in Minerals Yearbook 1998.
    3 -- Corporate Watch and Project Underground, Global Gold Fever, May 19, 1997. Based on U.S. mining figures.
    4 -- U.S. Department of Labor, Mine Safety and Health Administration, Metal and Nonmetal 1994-1998 Fatality Summary and Grist calculation, based on U.S. 1994-1998 gold mine production of 1,680 metric tons, as reported in U.S. Geological Survey, "Gold" in Mineral Commodity Summaries 1999.
    5 -- United Nations Office for the Coordination of Humanitarian Affairs, "South Africa: Focus on Mine Deaths" in Integrated Regional Information Network, January 21, 2000, and Grist calculation, based on South Africa 1994-1998 gold mine production of 2,558 metric tons, as reported in Chamber of Mines of South Africa, SA Mining Industry Statistical Tables 1998/99.
    6 -- Grist calculation based on 1999 profit of RAN2.65 billion, as listed in Yahoo!, Market Guide -- Anglogold Limited, and exchange rate of 6.152 rand / U.S. dollar on 12.31.99, as listed in Xenon Laboratories, Interactive Currency Table.
    7, 8 -- The Center for Responsive Politics, The Big Picture: The Money Behind the 1998 Elections.
    9, 10 -- Mining Magazine, Rosia Montana -- Romania's super pit?, November 1999.
    11 -- Greenpeace International, The Real Face of the Kangaroo, March 2000 and additional news reports.

    Read more about: mining and drilling
    Tools: print | email | discuss | write to the editor | subscribe | RSS
    Adam I. Lowe is a freelance environmental researcher based in Washington, D.C.
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