Tuesday, August 07, 2012 10:34:03 PM
South American’s Greg Johnson on the Malku Khota Expropriation Threat
By Kevin Michael Grace
The mining industry is preoccupied by three letters: CSR. They stand for corporate social responsibility, the idea that miners must care as much about local people as they do about their quarterly reports and share price. Greg Johnson, President/CEO of South American Silver Corp TSX:SAC, believes he has committed his company to CSR in Bolivia and that his commitment was recognized and appreciated by its indigenous people. To no avail, it would seem. After anti-mining protests escalated to near-terrorism, President Evo Morales announced July 10 he would revoke SAC‘s massive Malku Khota silver-indium-gallium project.
Malku Khota, located in Potosí Department, is quite a prize, even for Bolivia, a world leader in mineral production since the 16th century. According to a May 2011 NI 43-101 estimate, it contains indicated resources of 230.3 million ounces silver, 1,481 tonnes indium and 1,082 tonnes gallium. Inferred resources are 140 million ounces silver, 95 tonnes indium and 1,001 tonnes gallium.
Read more about South American Silver and their Bolivian play: http://resourceclips.com/2012/08/01/bolivian-burglary/
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM