Replies to post #7821 on Petaquilla Minerals Ltd. (fka PTQMF)

[VBgood]

Timeline on Chinese investments in Latin America’s energy and commodities sector since 2005
Jan. 2005

– Cuba:

China’s oil and gas giant Sinopec Corp. signs an agreement with Cuba’s state-run Cubapetroleo (Cupet) to jointly produce oil on the Caribbean island.

China’s state-owned Minmetals is investing $500 million in a joint venture to produce 68,000 tonnes a year of ferro-nickel in eastern Cuba.

Feb. 2005

– Chile:

China’s Minmetals Corporation signs an agreement to invest an initial $550 million, which could eventually rise to $2 billion, to set up a joint venture with Chilean state copper company Codelco.

Sept. 2005

– Bolivia:

China’s Shengli International Petroleum Development Co. Ltd. signs a framework pact with state-run Yacimientos Petroliferos Fiscales Bolovianos to invest $1.5 billion over 40 years in Bolivia’s onshore oil and gas sector.

—Ecuador:

Chinese-led consortium Andes Petroleum, which includes China National Petroleum Corp. and Sinopec group, buys Canada-based Encana’s oil and pipeline assets in Ecuador for $1.42 billion.

June 2007

– Peru:

Peru Copper Inc. agrees to be bought by state-owned Aluminum Corp. of China Ltd. in a friendly deal worth C$840 million ($792 million) in cash, the Canada-headquartered company says.

May 2009

– Brazil:

China Development Bank announces that it will lend $10 billion to Petrobras, the state-owned Brazilian oil company, in exchange for a guaranteed supply of oil over the next decade.

July 2009

– Ecuador:

China forges a $1 billion loan-for-oil deal with South American OPEC member Ecuador.

Sept. 2009

– Venezuela:

Venezuela signs a $16 billion investment deal with China over three years to raise oil output by several hundred thousand barrels per day in the OPEC member’s Orinoco belt.

Oct. 2009

– Brazil:

Chinese steel and iron ore group Baosteel proposes to pay 1 billion pounds ($1.6 billion) for a 30 percent stake in Anglo American’s huge Minas Rio iron ore mine in Brazil.

March 2010

– Argentina:

CNOOC purchases a 50 percent stake in Argentina’s Bridas Holdings for $3.1 billion.
Panama is next..

[Implanting]

Yes, I'm aware that China has and is looking for resources from all over the world, but I was looking for specific news that they were looking to enter the gold mining market in Panama. To date I wasn't aware of their interest in Panamanian resources, but with the passing of the new mining law maybe they want to start posturing in that regard. I'm somewhat surprised they haven't already done so. They need somewhere to dump all their U.S. dollars, they might as well spend it on Panamanian gold and copper.