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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (229)4/13/2000 8:03:00 PM
From: d:oug  Read Replies (1) | Respond to of 4051
 
Claude, would it be on topic to ask questions about the
location of a mine rather than the company name ?

I received a question about the political and economic
climate in Ecuador and believe you are up to speed on
this type of information. Please do a reply if ok to do.

The mention below of Haber is a non toxic gold extraction process.

thanks
Doug

Craig, on another thread a person not I spoke about Ecuador
and has a view and understanding that would supply the
type of information you seek rather than my views since
I do not obtain info in a business or market manner.
Also, on that thread is the SI member Claude Cormier
who has a for pay web site I think called OrMetals
that puts out a for pay news letter. Claude is very
good at answering general questions like the one you
have, and he also posts on the following thread which
is more of a general thread about all companies, and
the area of where a company mines is on topic. Please
go to the following thread which I have BookedMarked
and ask Claude any followup questions to him if he does
a reply to my posting a copy of this post to him.

Gold, Mining, and Natural Resources: Gold and Silver Mining Stock

Subject 33190

To: Doug A K
From: craig
Thursday, April 13, 2000
Doug,
What do you think of the political and economic climate in Ecuador at
the current moment? I have read some information on other links that
indicate broad changes in policy and if successful will help Haber
establish itself there, but if unsuccessful, might put up roadblocks.

Gold, Mining, and Natural Resources: Corriente Resources
V.CTQ Junior Exploration Co.
Messages To: Kevin Brenneman who wrote (1322)
From: christopherw
Thursday, April 13, 2000 6:52 PM ET
Kevin,
I asked Ian from Billiton the same question, as I know that these pits
are, as I've said before, the largest man-made holes on the planet.
Knowing how strong the voice of indigenous people is in Ecuador, I
wondered about problems from environmentalists and possibly a repeat of
what Inco and many of the North American companies are going through.

Ian said that in order to deal with the problem up front, they took the
leaders or representatives of the native people who inhabited the area
to a similar open pit mine to let them see the end result. I'm sure they
walked them through the restoration process as well. He said that they
were very agreeable and Billiton met with little or no resistance. It
was a non-issue as far as they are concerned.

I've also mentioned before that the new Ecuadorian government wants
nothing more than development of its natural resources so it can start
turning its own economy around and the new minister of natural resources
is very enthusiastic about having a world-class deposit discovered
during his tenure. He pledged to do anything he could to assist CTQ with
this venture.

I guess you have to weigh the abject poverty of this country and the
economic benefits this project will bring to them against the
environmental damage it will cause. I hope that Billiton or whatever
major buys out CTQ will show integrity in this matter as they will be
the ones developing the mines.

C.W.