Regional Development Banks
Placer Dome Inc. (Placer Dome was acquired by Barrick Gold Corp. in 2006)
EDC: US$1.36 million loan 
ADB: US$40 million loan 
CPP: $351 million (Barrick) 
The Marcopper mines are environmental disasters. Placer Dome’s partnership with repressive dictator Ferdinand Marcos enabled the company to mine within a protected area and to use Calancan Bay, the source of livelihood for 12 fishing villages, as a toxic dumping ground for 16 years. Both the Mogpog and Boac Rivers have been literally overrun with toxic waste. Two children died when they were buried in the Mogpog mine waste spill. Studies conducted by the United Nations, government agencies and academics show that communities, who continue to rely on these rivers and on Calancan Bay, are exposed to unsafe levels of environmental toxins. Placer Dome denies responsibility for these environmental disasters and sold its stake in the project in 1997. The Province of Marinduque is currently suing Placer Dome and Barrick in the US, seeking damages for the environmental harm caused by the Marcopper mines.
In May 1998, a company truck spilt a load of sodium cyanide, a chemical used to extract gold, into the Barskoun River, raising the cyanide concentration in the water to 50,000 times the permissible level. In the days following the spill, hundreds, possibly thousands of local residents sought medical attention and several deaths were reported. Thousands were evacuated from the spill area. A study published by Natural Resources Canada  concluded that few, if any, significant environmental impacts were generated by the spill - conclusions that were questioned by an independent hydrogeologist.
Halifax Initiative Coalition
153 Chapel Street
Ottawa, ON K1N 1H4
PAULO BERNARDO SILVA
President, Board of Governors
LUIS ALBERTO MORENO
Inter American Development Bank,
1300 New York Avenue, NW
Washington, DC 20577, USA
Re. Demand for cancellation of IDB debt
The Parliamentary Standing Committee on Foreign Affairs and International Trade (SCFAIT) tabled, in June 2005, a landmark report on Mining in Developing Countries and Corporate Social Responsibility (CSR).
The report recommended that the Canadian government move away from its current voluntary approach to CSR. It called for policies that condition public assistance for Canadian companies on compliance with international human rights and environmental standards, including core labour rights. The report also identified the need for legislation to hold companies accountable for their actions overseas.
The Government failed to adopt the majority of SCFAIT’s recommendations, but it did commit to hosting a series of national roundtables. These Roundtables were to identify ways for Canadian extractive companies to meet or exceed international CSR standards and best practices.
Ottawa - Life and Debt, winner of the Critics Award at the Los Angeles Film Festival 2001, will be shown on the same day as the World Bank and the IMF meetings in Ottawa. Life and Debt offers a clear analysis of globalization and its negative impacts, focusing on the impacts of the World Bank and the IMF on Jamaica. Canada represents the World Bank and the IMF on the Board of Directors of both of these institutions.
This film is being shown by World Inter-Action Mondiale and Halifax Initiative following the November 17th Day of Action for Peace and Justice calling attention to the failures of economic globalization.
Roger Ebert, in a review of this film for the Chicago Sun-Times, wrote: "If you're curious about why the demonstrators are so angry, this is why they're so angry."