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Gold/Mining/Energy : SILVER (Ag) PRODUCERS -- Ignore unavailable to you. Want to Upgrade?

To: NYBob1 who wrote (86)	6/11/2007 5:30:08 PM
From: NYBob1	Read Replies (1) \| Respond to of 144

Bolivia Cooperatives produce roughly a third of the nation’s - mineral ore and employ more than 80 percent - of its miners - an immense bloc with a record of squeezing - concessions from Bolivian leaders - “Each administration thinks it can use the cooperatives to its own political ends, but it’s the cooperatives who end up using the government,“ said mining analyst Jorge Lema Patino - And mistrust of the government runs deep in the cooperatives, many of which formed after the state mining company Comibol laid off some 27,000 miners during a 1980s crash in global mineral prices - Determined to survive where the state failed, many banded together and returned to work the mines with their - own rudimentary tools - Though many miners are too young to remember it, the Comibol collapse still inspires their fierce pride - in carrying the industry through its darkest hours - and righteous indignation over the state’s efforts - to take it back. “In Bolivia it has been demonstrated historically that the state is not a good administrator of its own property,“ said Antonio Pardo, Potosi security director for - the National Federation of Mining Cooperatives - “If they want a fight, we’ll give them a fight, because we’re fighting for our livelihood - and they’re fighting for fortune“ - Though Morales repeatedly vows to “nationalize“ mining - the entire industry has been at least nominally under - state control since Bolivia’s 1952 revolution - Both cooperatives and international companies operate - under Comibol concessions - Morales is seeking to regain control the government lost - after the 1980s crash and a run of privatizations in the 1990s - while claiming a bigger share of mineral export - revenues that soared from $547 million in 2005 to more than $1 billion last year, mostly - because zinc prices doubled - Despite the windfall, the government collected - only $48 million in mineral taxes in 2006 - and $14 million the year before - Echazu, the mining minister, says the government - is preparing a bill that would impose safety standards - and fair labor practices on the cooperatives - a move never dared by Morales’ predecessors - For all the inefficiency and danger, the cooperatives - provide jobs that South America’s poorest country - can hardly replace - Cerro Rico de Potosi Mining Evaluation - Franklin Mining, Bolivia S.A. and COMIBOL - Officials Evaluate Production Plan etc. - Its great that FMNJ making mining in Bolivia as a priority - when the 666nss911terror-destructions continue in the US - Bolivia gives me greater confidence today - Imo. Tia. FMNJ - mission - tinyurl.com God Bless investorshub.com