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

To: aknahow who wrote (7402)	5/2/2006 11:21:23 AM
From: CommanderCricket	Read Replies (3) \| Respond to of 8010

Wondering what Garcia would do also as I own quite abit of SLW. Any guess on how would this affect Glencore's Yauliyacu mine and SLW latest purchase of silver? SLW made a downpayment for the annual purchases. Wonder if there was a stipulation against a hostile government? A snip from SLW press release awhile back. biz.yahoo.com snip "As previously reported, Silver Wheaton recently completed a silver purchase agreement with Glencore International AG ("Glencore"), owner of the Yauliyacu Mine, whereby Glencore will deliver 4.75 million ounces of silver per year to Silver Wheaton for twenty years. WGM has reported that, as at December 31, 2005, the Yauliyacu Mine had proven and probable silver reserves of 12.9 million ounces, measured and indicated silver resources of 52.2 million ounces and inferred silver resources of 64.7 million ounces." snip "Silver Wheaton's purchase agreement with Glencore provides for the delivery of 4.75 million ounces of silver per year for 20 years. Silver production at Yauliyacu in excess of 4.75 million ounces per year is to the credit of Glencore, and therefore a portion of the reserves and resources from Yauliyacu may relate to production which may be for the credit of Glencore."

To: aknahow who wrote (7402)	5/2/2006 11:28:21 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 8010

Boliva's force majeur was announced ystdy. Sounds like they are following through! Are there any North American/Canadian majors there or is this just saber rattling in your opinion? G_T

To: aknahow who wrote (7402)	5/2/2006 11:40:01 AM
From: Bucky Katt	Respond to of 8010

Nigeria has problems as well. From yesterday> Five gasoline trucks blasted in Nigeria. A truck stuffed with explosives was blasted in the Nigerian oil production center of Warri last night. Five gasoline trucks were destroyed, and nothing is yet known about casualties. The Movement for the Emancipation of the Niger Delta (MEND) said it was a warning to oil producers. The movement made particular threats to China, which had just signed an agreement on oil production on the Nigerian shelf. The militants say that local people do not receive enough oil profits, and aspire for control over the oil industry. They are blasting oil fields and pipelines and taking hostages.

To: aknahow who wrote (7402)	5/2/2006 5:43:41 PM
From: paul ross	Read Replies (1) \| Respond to of 8010

"The Denver company (Apex Silver) said it is not aware of any plans by the Bolivian government to nationalize mining. The company pointed to a recent statement by the Bolivian Minister of Mines and Metallurgy who said mining policy "does not contemplate nationalization." CDE's San Bartolome project insurance covers "85% percent of losses related to political violence, expropriation or currency incovertibility." biz.yahoo.com