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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: baystock who wrote (74027)10/17/2012 9:04:26 PM
From: LoneClone  Read Replies (1) of 78409
 
I would avoid Argentina or Ecuador at this point, which are both run by populist but mining unfriendly regimes.

I disagree with that statement.

Correa, who is almost certain to win re-election in the spring, is determined to establish a modern mining industry in Ecuador. The main political problem is that his political opponents may jump on the anti-mining bandwagon for tactical purposes. The other difficulty is that the bureaucracy is very inefficient and new to this idea.

In Argentina, most mining-related issues are regulated at the provincial level, so you need to drill down to understand the situation in each province. Minera IRL operates in one of the mining-friendly ones. Troy is another example of a miner doing very well in Argentina. That said, the overall economic approach at the federal level in Argentina is unfriendly to any foreign corporation operating there.

LC
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