For futher details, please see tonight's reports from Reuters, Bloomberg, AP, AFP, DJNW, Al Jazeera, New York Times, Washington Post, Guardian, EFE, IPS, CNN, Fox etc etc zzzzzzzzzz
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Sums up today nicely.
For JS, who is a good person.
"The passivity of the control organizations in San Juan province and the national government is striking, as well as that of the Argentine judiciary", he said, continuing, "this project should never have been permitted in its location because it's in the San Guillermo national nature reserve and what's more in a zone of permanent ice, permafreeze protected by the Glaciar Law."
Said Martinez, "The water used is basically from the Argentina side, the minerals are to a great extent on the Chilean side, therefore it's a bi-national project that if halted on one side has to be halted on both sides."
*as close to a left wing political party as you get in Argentina, but nothing is split into easily understandable lines in the country so
...was sent to subscribers, early Friday morning.
Candente Copper (DNT.to): I'm all confused now: Were there two "Fourth Round Table" meetings in Cañaris last weekend?
Will Braeval Mining Corp (BVL.to) prefer to try to hang on to its concessions in Colombia or try to save the life of its geologist?
An interesting development in the case of Jernoc Wobert, the Canadian geologist captured by ELN terrorists in Colombia in January while working for Braeval Mining Corp (BVL.to). As you may recall, the other people working for BVL.to at the time, including Colombian and Peruvian nationals, were freed in mid-February but there was no such luck for Mr Wobert; here we are in April and he's still a hostage.
UPDATE: Big stick + hornet's nest = this post.
It wasn't me, Stan.
- Would Goldcorp dare? A one-for-one all paper bid would be darned audacious.
- Would BHP Billiton care? After all, its seven times bigger than ABX already.
- What about Rio Tinto, would it like to add a large chunk of gold to its books?
- As for Glencore/Xstrata, they (it?) have enough to worry about already, I'd guess.
Barrick (ABX) at Pascua Lama (updated): The Copiapó Court of Appeal suspends all work at the Pascua Lama project
UPDATE: Here's what Chile's Minister of the Interior, Andrés Chadwick, says about the ruling
"It doesn't surprise us in the least and it appeared good that, via a judicial organism, work could be suspended while Pascua Lama effectively complies with all the charges that the Superintendency of the Environment put before it a couple of weeks ago."
"It's better to suspend (operations) and now they are forced to repair all unfinished situations at the Pascua Lama project."
"...an opportunity to reinforce the message to authoritarians everywhere that a poet’s words will always outlast theirs, and the blind praise of their powerful friends."
Goldman Sachs is calling short on gold.
Here's the front page of the report...
...and this little blue line drawn on this chart is how GS's call for $1,450/oz gold by end 2013 looks compared to the action since the year 2000.
Agnico Eagle (AEM) (AEM.to), or when high-powered mining company officers understand precisely fuck all about political risk
Instead of using the word "Argentina" in your news releases, try writing "Southern South America".
How come we have seen no mentioning of Tahoe Resources lately ?The whole winter you bashed them almost every week... !....and here's reader DC...
No love for THO on the blog? They were granted their permits, it seems… given the countdown clock you had running, it would only seem fair to post that they actually got them!
In the last two sessions, the behaviour of government representatives, all high-ranking functionaries of the Ministry of Energy and Mines and the Ministerial cabinet, has caught the eye. The meeting of March 2nd was supposed to be in the rural community of Cañaris, a location decided upon a month in advance. However the night before the meeting the government officials changed the location of the meeting, telling the press but not the population of Cañaris, who had prepared a welcome ceremony in accordance with their ancentral customs. The local authorities weren't only late arriving to the alternate meeting place, but also felt badly treated.
This Saturday in Cañaris the outgoing community president, Cristobal Barrios, and his successor Florentino Barrios who takes over the local community presidency on April 17th, had problems entering the meeting held in the local coliseum. The impasse was resolved, but a representative of the Ministerial cabinet blocked the entry of Rosa Sara, spokesperson of the community organization and head of the Cañaris women's associations (known as 'rondas'). "We left [the meeting] because it was not convenient to go in incomplete", explained Florentino via telephone, while the outgoing president complained to the press, "They threw us out of our own house."
Meanwhile, the president of the negotiation round table Fernando Castillo, from the Ministry of Energy and Mines, said that the local community leaders had taken "a unilateral decision not to participate in the meeting."
Basically OT, this is Calentura (rough trans "Heat") by Chocquibtown (Colombia's finest band) with help from Tego Calderón (the Puerto Rico rapper whose coolness makes Snoop look uptight and anxious).
And it's great music.
UPDATE: Down 3.3% with an hour left in today's market, which shows how much i know. And by way of disclosure, I don't own this thing and am unlikely to change that position.
"The ANC is a typical terrorist organization. Anyone who thinks it is going to run the government in South Africa is living in cloud-cuckoo land."
Answer: It wasn't him (because he was in jail).