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Gold/Mining/Energy : TIOMIN brightens your teeth as it whitens your paint

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To: Gulo who wrote (19)6/14/1997 12:28:00 PM
From: Blue   of 62
 
This definitely has to be the reason for the decline in the stock and I thank you for posting it. Also explains perhaps the company's eagerness to highlight their Kenyan projects. Note, too, they are exploring nickel properties in Quebec.

While this is a serious concern, I suggest that successful negotiations with indigenous peoples are highly probable if not a complete certainty. There are a number of reasons for this. Above all I would cite the huge profit potential in this mine which will make it feasible for the company to promise a large cash settlement and make other promises related to the environment. Also, governments worldwide (with only a few exceptions) are very eager to encourage development such as this, as long as they get their money. Keep in mind the company has already paid millions in royalty fees to the government for being allowed to complete a feasibility study.

These are just general considerations. I don't know much about the specifics.

Many such problems face many mining companies. I point out that the world's largest nickel deposit, Voisey's Bay now controlled by Inco, is being delayed due to the Innu peoples protesting the impact of the project. I have no doubt in my mind that (a) they have a legitimate gripe, based on their own values and world view, but also that (b) the government, Inco, and the Innu will work out a settlement. It's just a matter of compromise and cash. The cash part is easier when you have a multi billion dollar project on your hands.

The same was true for BHP's diamond project in the Northwest Territories. There were claims by native groups, but a settlement was worked out.
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