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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: ALAN DUBE who wrote (20380)	8/23/1999 6:51:00 AM
From: Paul-D	Read Replies (1) \| Respond to of 34075

Mining cooperatives meet in congress. In today's El Diario. Translation by Altavista : "More than 300 reunited mining cooperativistas in congress With the participation of 300 cooperativistas of all the country the congresses Organic and Extraordinary of the Mining Cooperatives of Bolivia finalized the last week. The agenda included the report of the year of management of the Executive Committee of the National Federation of Mining Cooperatives of Bolivia (FENNCOMIN), analysis on the privatization of Vinto and risk shared of Huanuni and its effect in the esta6n¡feras mining companies, analysis on the crisis of prices of the mineral market and the participation of FENCOMIN in the National Confederation of Cooperatives of Bolivia (CONCOBOL). According to Ramiro Paredes, economic adviser, the FENCOMIN statutes already are modified and they will be made know the authorities for its respective approval to have undergone modifications to respond to the new structure. The report and the evaluation were approved. In the course of the discussions conjunctural problems were dealt with the cooperatives of Huanuni, specially on which they work with foreign investors, with contracts of shared risk, also the case of the privatization of Vinto with the tin production. The mining cooperativistas - it is spoken of 50 thousand cooperativistas that with the social group reach to 300 thousand people -, demand of the Government, the fulfillment of the subscribed agreement the 23 of March of 1997, with advances of economic, social, educative, environmental order and even related to the Law of Cooperative Societies, and request of the investors the priorizaci¢n of the production of the internal metal not to have consequences of social and economic character. On the crisis of this sector, Walls remarc¢ that the cooperatives constitute themselves in an important sector. " In addition, if we were sent to the trade balance, we observed that 45% of exportable products come from the mining, but as the prices of minerals determine in instances other peopl‚s to the will of the economic sectors and the country, the prices are determined in the outer market through the behavior of the supply and the demand in some cases, and in others with the influence of other factors, this had its repercussion in the mining cooperative movement, is so the passed management, the mining cooperatives decayed in their production in an order of 15% (1997) and by effect of the contraction of prices, also the gross economic value experienced a reduction ". Economy of scale and tributary lightening. A central characteristic of which the new mining is called is the intensive use of capital, unlike the cooperativizada mining, whose characteristic is the intensive use of the manual labor. Before this fact and the lack of use, the mining cooperativistas must look for sobreexperience strategies that allow them to face a contraction of the prices and this becomes by means of a scale economy, is worth to say, the cooperativistas must produce more to be able to obtain something of excessive and this is possible, only extending the work day until the 15 hours per day, and another central element is that they incorporate to the productive cycle the relatives, mothers and children, who allow to subsist to the mining cooperativista. On the deposits held by COMIBOL, Walls it affirmed that Huanuni and Colquiri are in licitation process, to give to the foreign investor, but it proposes like solution to the Bolivian West, to process a plan of reactivation of this sector, with the participation of the cooperatives, in addition at this moment to crisis of a contraction of prices, it would have to have a tributary lightening or to lower the tributary pressure, specially in its component ICM."