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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: que seria	9/25/2007 9:01:20 AM
	of 78419

Waiting on news from GQC.V but liking this from Ecuador: reuters.com <snip> Correa also said the country has not discarded allowing open pit mining in the country's nascent mining sector if its carried out with enough government controls. Aurelian fairly leaps to mind as the subject of that comment, although I suppose Dynasty and others also plan open pit extraction in Ecuadorian soil. This comment is yet one more piecemeal confirmation that the U.S.-educated Correa has seen too much of the good investment can do for a nation (and debt do to a nation) to be willing to kiss off furriner-paid development in the name of Bolivarian Socialism like his neighbor Hugo. I also expect gold mining under Correa won't be a latter day version (directed against the land and thus the people on it) of the freewheeling plunder and desolation the Spaniards were accustomed to in South America, especially in the area of protected biosphere near Aurelian. unesco.org There is a way to make it work for everyone with a deposit this rich, if the mining company isn't too greedy and the government isn't too ignorant or populist.

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