Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: average joe who wrote (70908)	1/2/2009 3:18:38 PM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 74559

Indeed it is: <Seems pretty easy to acquire minerals in NZ...> During my time in Tauranga [late 1970s, early 1908s] working for BP Oil, BP had a mining subsidiary and Graham Ingram and a couple of others from our office were delegated to go and stake claims. I had an excellent photo of Graham with the staking claim. BP subsequently sold off Kennecott and other mining interests after the 1970s/early 1980s diversification moves towards conglomerate status which involved forestry, minerals, chemicals, fish farming, embryo transplants [Farmkey] and other things. There is still gold in them thar hills of Coromandel and elsewhere. But it will take gold at $10,000 an ounce to really get such an Aztec culture going again. A recently retired friend was a successful oil prospector/producer in Taranaki. stuff.co.nz There aren't any diamonds, but there's coal which is a cheaper fuel. Environmental rules in NZ are highly burdensome these days, so there's not much activity. Mqurice