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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (58881)	4/21/2008 1:01:38 PM
From: E. Charters	Read Replies (2) \| Respond to of 78421

Hard to hurt Ecuador that much. A few lousy rich investors boycott bananas, shrimp flowers, Tuna and cocoa? Boys, this is not a grass roots save the rainforest type of boycott! It would probably easier for Decoin, the mining opposition in Ecuador to mobilize yuppies and ex hippies to move middle America to boycott mining companies who seek to plunder the fragile ecosystems of the Ecuadorian Amazon region. A few shorts with David Suzuki on the boob tube with an Ecuadorian caulking gun and it's all over. When you think about it, they probably already do boycott jr golds. Somebody does at any rate. ****************************************** As a matter of fact it would hurt Ecuador more if we boycotted their oil products and lobbied Ottawa to stop buying Ecuadorian Oil in order to save the rainforest. Of course they would just sell it the Chinese. hmmm and it shoots miners in the foot. ******************************************* "Until the early 1970s, when geologists discovered oil in the Ecuadorian Amazon, Ecuadorian exports consisted almost exclusively of primary agricultural exports, such as bananas and cacao. With the advent of oil, however, the focus of the Ecuadorian economy shifted to petroleum production. The oil sector continues to be a pillar of the economy, accounting for nearly 45% of export earnings and generating an approximately equal percentage of public sector revenue. Nevertheless, Ecuador is now undergoing widespread economic reforms and modernization and is aggressively seeking to diversify away from a strict reliance on both petroleum and primary agricultural exports. A number of projects are underway to diversify Ecuadorian exports and to thus avoid the boom and bust cycles that inevitably accompany an economy that is overly reliant upon primary exports. Ecuador's total exports reached $4.926 billion in 2000. This is approximately a 10% increase from 1999, when total exports equaled $4.451 billion. Ecuador is currently the world's leading exporter of bananas and the fourth leading exporter of petroleum in Latin America, after Venezuela, Mexico, and Colombia. Ecuador's primary exports for 2000 are summarized in the following table: Product (US $M) % of Total Petroleum $2,144 43.5% Bananas $821 16.7% Shrimp $285 5.8% Flowers $194 3.9% Tuna $72 1.5% Cacao $38 .8% Although the six primary-goods exports above accounted for 72.2% of all Ecuadorian exports in 2000, value-added, secondary goods exports are gradually growing in importance. While such exports accounted for only 3.8% of total exports in 1999, their percentage rose significantly to 6.0%, by 2000. Artisan goods are an important component of Ecuador's secondary goods exports. These handicrafts, which are primarily produced by the country's Indigenous peoples, are recognized the world over for their creative designs and high levels of quality. The Ecuadorian tourism sector is also expanding rapidly. In 2000, 637,000 travelers visited Ecuador, spending more than $400 million. The steady diversification of Ecuadorian exports can be attributed to the country´s vast resource base and high-quality goods, as well as to the ongoing government promotional efforts. Ecuador now exports a wider variety of goods that at any time in its history. Moreover, Ecuador is now exporting more intermediate and final goods than ever before." ******************************************* EC<:-}