signed a memorandum of understanding with YPBF - just weeks after the nationalisation -
It plans to set up a joint venture to construct - and operate a 10,000 barrels per day gas-to-liquids - processing plant that should help Bolivia - industrialise its gas and reduce the need - for imported diesel fuels -
announced in June that it was considering investing - up to $2bn in Bolivia's gas sector and is looking - at building gas separation plants and pipelines - to export LNG, or liquified natural gas -
On top of that - Mr Villegas is confident that most existing oil and gas - investors will accept new contracts after negotiations - with YPBF -
"There's nothing that's a supposition about this - It's a reality - With the exception of Petrobras - all the other oil and gas companies have accepted - the nationalisation and are negotiating - new contracts -
All these companies will fulfil the 180-day deadline - for the negotiations [31 October] - and I believe many of them will sign new contracts." -
Eduardo Peinado, president of Bolivia's - National Chamber of Industries - also thinks most companies will agree - to comply with Bolivia's new - production-splitting contracts -
Investment in new facilities might be scarce, though -
"The majority will stay," says Mr Peinado - "But the concern is they may only invest - in installations that already exist - and not put anymore money into exploration." -
YPBF's boss rejects this assertion - and says the government is insisting - that companies seeking new contracts - must invest more in exploration -
"Bolivia's reserves of natural gas - are 26.5 trillion cubic feet - and probable reserves are 22 trillion cubic feet - "says Mr Alvarado -
"Sixty to 70% of the hydrocarbon area - in Bolivia hasn't been explored yet."
Energy Source - YPFB will provide the natural gas - access to all necessary labor resources - and a domestic sales, marketing - and distribution infrastructure -
Franklin Oil & Gas, Bolivia S.A. and YPFB - will equally share the net profit from plant operations - and sales, marketing - and distribution of all products -
During the first half of 2005 - Bolivia produced 1.4 billion cubic feet per day - (Bcf/d) of natural gas - according to YPFB -
More than 70% of the country’s production - occurs in the Tarija department - which is south of the Sana Cruz department - and on the border with Paraguay -
Two natural gas fields - San Alberto and Sabalo - represent about one-half - of Bolivia’s total production -
Franklin Mining, Inc. owns a 51% interest - in Franklin Oil & Gas, Bolivia -
Franklin Oil & Gas, Bolivia - was formed to promote and sign a GTL project - in Bolivia and to review other - energy related opportunities -
We have three engineers that are working - with us in Bolivia for this project - (for more information on this potential project - hit Rio Grande GTL) - Franklin Oil & Gas, Bolivia has also visited - other areas where opportunities - have presented themselves -
The company has visited Apolo, Bolivia - where an Oilfield of undetermined size exists - This town is in the State of La Paz - The Governor of La Paz has agreed to work with us - in aiding in the developement of these fields - and other areas as well as - the local people have shown support for - Franklin Oil & Gas, Bolivia -
The company has also visited Tarija - where talks have already have started - with the possibility of doing an - industrialization project with Tarija -
Paper money used to be a debt - a promise to deliver Gold and Silver -
Now, paper money is a promise to pay... nothing! - It's a political promise -
So, paper money is the biggest manipulative factor - reducing Gold prices -
In essence, it is the lack of real monetary demand - for Gold and Silver - (as a preferred form of savings) - that best explains - the low monetary prices -
Franklin Mining Announces Pulacayo Tailings Program -
LAS VEGAS, NV--(MARKET WIRE)--Sep 12, 2006 --
Franklin Mining, Inc.
(Other OTC:FMNJ.PK - News) announces program - for funding their mining operations.
The Pulacayo operation is purely tailings (Tailings are produced when metallic ores are ground into fine powder to free the metal-bearing mineral.).
The investment for Pulacayo tailings is $1.5 million.
Franklin Mining and Kempf Mining will share - the partnership as: Franklin - 51%, Kempf - 27% and Peruvian group - 12%.
COMIBOL will be paid 0 to 15 $US/ton of tailings.
Franklin Mining will lease the first mining plant - from Eco Mining, Inc. of Bolivia.
It should be operational in October and will produce - up to $200,000 to Franklin Mining per month - with an increase of up to 10 plants by January 2007.
The processing will produce 4,000 tons per day.
The existing tailings and metal grades consist of 4,000,000 tons of tailings.
The total weight of Silver is equal to 248 kg and 7,973,507 Troy ounce silver ingots.
There will be 400 tons a day, 2nd phase for 1,600 tons a day, 3rd phase 4,000 tons per day.
There is a total of seven million ounces of Silver - 121 proven ounces of Gold -
Franklin Mining announces the first tailings processing plant will be operational in October and will be - producing 400 tons per day.
There will be $200,000 to Franklin Mining - after startup of the plant per month.
The engineers have reported 4,000,000 million tons of tailings of Silver -
There is also 1 gr/ton of gold that equals - 128.605 Troy ounces of Gold ingots -
About Franklin Mining, Inc:
Franklin Mining currently has interests in Bolivia and the United States and opened a wholly owned subsidiary in Bolivia. Franklin Mining, Inc Bolivian subsidiaries include - Franklin Mining, Bolivia - and Franklin Oil & Gas, Bolivia.
The Cerro Rico Mine - is considered by many to be the richest Silver Mine - in the world.
Rich in Zinc and Silver - it has been actively mined since the 1500's and is in operation today -
Cerro Rico is owned by Bolivia's national mining company, COMIBOL.
COMIBOL is the government owned mining company - in Bolivia.
COMIBOL owns the CERRO RICO Mines - as well as many other properties - and mineral rights in Bolivia.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: ----These risks could cause Franklin Mining Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining Inc.
Contact: Franklin Mining, Inc. Andrew Austin 1-702-386-5379
Source: Franklin Mining, Inc.
winifred, great move - catch it before it fly away -
Silver will always be part of "The Real Gold & Silver Money" - Some defend a fraud system with that, "its far too small a market for large, modern economies" -
Well, its only to put a higher fair value on the Silver money - it used to be worth $800/oz 500 years ago -
take the inflasion into the picture and Silver maybe worth - a fair market value $80,000/oz sooner or later? -
Silver will do far better than any fiat fraud paper asset - it will serve better as a "personal holding" and as the major Real Money when its valued to its fair market value -
If it is of your way to balance wealth, then Silver will show the LT Real value -
Metals have not shown their true worth for many years as the world has done very well with manipulations of fiat fraud paper money schemes -
This is very good some say - outside of ex. FMNJ Potosi -
But, all things do change! -
As it is our time and place to live this change - our thoughts must view the future as it must be! -
Who can know the minds of men and countries - as the 666 fiat paper burns? -
In our present system - all fiat currencies are backed by the US$ -
as long as the US$ is on an "oil standard" of backing - no other country can change -
the BIS would destroy their economy in a second of storm -
Many think that a country may sell or cut it's CB/US debt backing at will! -
They cannot? - they will not! - Oil will not accept another system? - as long as the Oil/Gold bond works? -
the world currency system is somewhat in a counterfeited owg order? -
If a crisis erupts and Gold breaks the bond with oil - then a change must take place! -
We will no doubt see a mass run of CBs into Gold - at ANY price! - this we know! - as for now - each person must protect your worth -
as the nation/state is locked from change? - You still may have a little bit of some time -
FMNJ - need an 'every day Update' on the - Silver Companies > Market cap's (updated?) -
The Bolivian miners welcome FMNJ - Mission Statement - with open arms - To Make Money for the family - for community programs to help with social situations - such as health care and care for homeless children - To Be Socially Responsible -
Thanks for your participations - Brgds Bob God Bless