CDE the situation for the mining industry has been a mess in many
counties in Latin America where the New Left had showed up
(Venezuela, Ecuador, Bolivia)…in some ways, some of their critique
has been correct.. and in deed there has been some grounds to re-
evaluate the cooperation between commodity rich countries and the
mining industry… however the mining industry became a political
scapegoat for the many failures of the domestic & international
actors in these countries.. Morales and Chavez rule today in the
shadow of the constant stream of conspiracy myths in these
countries… however all these perceived outside enemies led
eventually to an overzealous mob atmosphere where it became easy
to take someone else’ property.
The Silver from the 4824 m high Cerro Rico (Rich Mountain) -
once made Potosi the biggest city in the Americas -
and one of the richest in the world -
The Mountain That Eats Men -
or is it - the el tio ? - 666 - That Eats Men -
Cerro Rico: The Mountain that eats men -
All 888 fooled by el tito 666God safety - http://www.youtube.com/watch?v=7O6dqABULAw&playnext=1&list=PL5D404F2B5A39443F&feature=results_main
El Tio, Cerro Rico, Potosí
to normal Safety Standard Mining methods of precautions -
History short snippet reflexion -
When the Spanish conquistadors first arrived in the new world -
in the 1500s, they were surprised to find a highly advanced
civilization the Aztecs of Mexico at one time their empire
stretched throughout central and North America.
Their capital city featured towering pyramids and beautiful
This is what;
call: phase 1.
This led to problems for Glencore, SAC etc. which had become
victims of this time.
In phase 2 they are realizing that this behaviour has a price tag…
e.g. that Bolivia’s silver production dropped 4% in 2011 in spite
of a fabulous run of the silver price.
Other nationalized mines created new problems since nationalization
did not answer the questions how to deal with commodities in the
ground?… in fact, it showed sings that the political interests
which voted Morales to power shows sign of cracking…the coalition
is slowing dissolving, or forcing the political powers to adapt…
environmentalism, or exploration?
Is mining by an US or Canadian company worse than a Bolivian?
We are now experiencing
…as much as SAC fell prey to the end of phase 1;
yet, it did not answer how to solve the mess they created…will they
now be forced to pay a lot of money to SAC etc..?
Where should that money come from? ..and will they sit now on mines
which are under invested and less productive?
I think…that is a swift summary where we are…the new mining law has
to address all of the problems….
Please read: http://www.mining.com/resource-nationalism-to-increase-in-2013-report-2-70414/
Bolivia is in need of money and expertise to mine its commodities…
and the warnings of the previous article shows that Bolivia is now
in need to correct its standing.
CDE may become the beneficiary of the next phase…?..
It requires a transparency to all sides…domestic and
international…(let alone that the Chavez problem on
the horizon- lol- enough said about that for now). ..and
let me write here something else..
:Argentina had shown in the past… how one can be part of the Latin
American Left and one can still make huge progress in the mining
industry at the same time!...too little is written about that…!
Morales will have to respond now with his mining laws… expect
that the new mining law will be a correction of the previous
problems and the changed political situation.
Investments assessment of the situation…however…
phase 3 may come….or?.. http://www.coeur.com/operations-san-bartolome-bolivia.html http://www.coeur.com/operations/san-bartolom%C3%A9---bolivia
all good ? SAN BARTOLOMÉ - BOLIVIA
ONE OF THE WORLD’S LARGEST PURE SILVER MINES - Great 888 Mission for the PEOPLE of Potosi