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Cambior Inc. was a Canadian based international gold producer with operations, development projects and exploration activities in the Americas. Cambior's shares traded on the Toronto (TSX) and American (AMEX) stock exchanges under the symbol "CBJ". Cambior's warrants "CBJ.WT.C" traded on the TSX. In November 2006 IAMGOLD acquired 100% of Cambior shares.
The company results from the privatization of the major discoveries in Quebec by Soquem, the Crown Company in 1986: Mine Doyon, Ressources Aiguebelle, Sullivan, and 50% of the Niobec mine near Chicoutimi.
Omai mine acid spilledit
In August 1995 there was an acid spill from the Omai minetailings dam in the river by the Canadian mining company Cambior in the Essequibo region of Guyana. An estimated 4 000 000 m³ of waste laced with cyanide, other heavy metals and other pollutants were released into the river causing much destruction. Thousands of dead fish were found floating on the river used by Amerindians, the Native Indians of Guyana. An estimated 23,000 people who live in the region surrounding the river, depend on the river for drinking water, bathing and fishing. A public interest group filed a class-action lawsuit against Cambior in 1997 in Québec Superior Court seeking damages on behalf of the Guyanese victims of the spill. The Omai Mine is wholly owned by Omai Gold Mines Limited (OGML). At the time of the spill, Cambior owned 65% of this company and the balance was owned by Golden Star Resources and the Government of Guyana. In 2002, Cambior acquired Golden Star's interest in OGML, thereby obtaining a 95% ownership interest in the company.
The Québec Superior Court dismissed the case in August 1998, on the grounds that the courts in Guyana were in a better position to hear the case. A lawsuit against Cambior was filed in Guyana, but it was dismissed by the High Court of the Supreme Court of Judicature of Guyana in 2002. A new suit was filed against Cambior in 2003 in Guyana again seeking US$2billion in damages for the effects of the 1995 spill. In October 2006, the High Court of the Supreme Court of Judicature of Guyana ordered the dismissal of the 2003 action and ordered the plaintiffs to pay the defendants' legal costs.
cambior, this, article, relies, largely, entirely, single, source, relevant, discussion, found, talk, page, please, help, improve, this, article, introducing, citations, additional, sources, find, sources, news, newspapers, books, scholar, jstor, 2022, canadia. This article relies largely or entirely on a single source Relevant discussion may be found on the talk page Please help improve this article by introducing citations to additional sources Find sources Cambior news newspapers books scholar JSTOR May 2022 Cambior Inc was a Canadian based international gold producer with operations development projects and exploration activities in the Americas Cambior s shares traded on the Toronto TSX and American AMEX stock exchanges under the symbol CBJ Cambior s warrants CBJ WT C traded on the TSX In November 2006 IAMGOLD acquired 100 of Cambior shares Contents 1 Formation 2 Omai mine acid spill 3 Operations 4 Acquisition 5 References 6 External linksFormation editThe company results from the privatization of the major discoveries in Quebec by Soquem the Crown Company in 1986 Mine Doyon Ressources Aiguebelle Sullivan and 50 of the Niobec mine near Chicoutimi Omai mine acid spill editIn August 1995 there was an acid spill from the Omai mine tailings dam in the river by the Canadian mining company Cambior in the Essequibo region of Guyana An estimated 4 000 000 m of waste laced with cyanide other heavy metals and other pollutants were released into the river causing much destruction Thousands of dead fish were found floating on the river used by Amerindians the Native Indians of Guyana An estimated 23 000 people who live in the region surrounding the river depend on the river for drinking water bathing and fishing A public interest group filed a class action lawsuit against Cambior in 1997 in Quebec Superior Court seeking damages on behalf of the Guyanese victims of the spill The Omai Mine is wholly owned by Omai Gold Mines Limited OGML At the time of the spill Cambior owned 65 of this company and the balance was owned by Golden Star Resources and the Government of Guyana In 2002 Cambior acquired Golden Star s interest in OGML thereby obtaining a 95 ownership interest in the company The Quebec Superior Court dismissed the case in August 1998 on the grounds that the courts in Guyana were in a better position to hear the case A lawsuit against Cambior was filed in Guyana but it was dismissed by the High Court of the Supreme Court of Judicature of Guyana in 2002 A new suit was filed against Cambior in 2003 in Guyana again seeking US 2billion in damages for the effects of the 1995 spill In October 2006 the High Court of the Supreme Court of Judicature of Guyana ordered the dismissal of the 2003 action and ordered the plaintiffs to pay the defendants legal costs Operations editThe company s operations included sites in French Guiana Guyana Peru and Suriname in South America and Mali among other countries in West Africa Acquisition editCambior was acquired by Iamgold in November 2006 1 2 References edit Cambior disparait aujourd hui La Presse 8 November 2006 Adieu Cambior bonjour Iamgold 8 November 2006 https www lapresse ca affaires economie 200901 06 01 677322 cambior disparait aujourdhui phphttps www northernminer com company 025045578 https www lexpert ca big deals iamgold acquires cambior 346114External links editOfficial site https www sec gov Archives edgar data 1203464 000119907306000655 ex99 1 htm nbsp This article about a Canadian corporation or company is a stub You can help Wikipedia by expanding it vte nbsp This article about a mining related corporation or company is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Cambior amp oldid 1218926994, wikipedia, wiki, book, books, library,
