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NYBob

10/19/06 8:37 AM

#271 RE: NYBob #270

The Bolivian government new Mining Code -

Note.
we doesn't expect any major changes in the upcoming
oct31 new mining policy -

the government of Bolivia -
recognizes the benefit and necessity of foreign investment
and the positive contribution to the economy that is
generated by these investments.

Additionally, in various press conferences this week,
Vice President Alvaro Garcia Linera stated that
"foreign and local private investments,
with actual investments, which generate employment,
will not be touched" -

understands that the fundamental elements of
the draft proposal for a new Mining Code, previously issued
by the Bolivian government, will remain intact (see Press
Release June1, 2006).

Probably "only" an increase to 30% from 25% in profit tax,
if companies choose to implement a 10yr tax stability
agreement with government -

well, its pos. info for CDE and
agree to that it all makes FMNJ look like a no brainer -
Imo. thanks -