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 StockSubject 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.