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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Tim Davies who wrote (9171)	7/9/1998 11:55:00 PM
From: Fred C. Dobbs	Respond to of 34075

Something for anybody to read on calm hot Winnipeg nite, Found this OLD article from 2 years ago. For people wondering, there are alot of JV's down there, so and I bet there must be more than one that has heard of GE. With their equipment already in the country interest should be at a premium. They better increase their reserve claim, if MINE proves true the workers will have that much stuck on the bottom of their boots alone. News@Bolivia Mining Summary Monday May 20, 1996 Headlines Bolivian gold attracts 38 mining firms Bolivia's gold reserves, estimated between 12 and 12,9mn ounces, are the main reason for the presence of 38 major mining firms in this South American country. Gold-oriented investments have been soaring in the last five years only, which permits to think that the best is yet to come, because Bolivia has been historically and primarily a tin producer. With this exploration boom, Bolivia could celebrate the millenium as the subcontinent's next major gold producer, according to Charles Bruce, head of the mining consultant firm Mintec. There are currently 38 companies investing in Bolivia, whose main interest is finding gold. Mintec's figures for basic exploration reach US$30mn a year, while capital investment along the las four years reached US$320mn, with 80 percent dedicated to gold and and 20 percent to tin. "The key to this increase in investments can be summed up in four points: opportunity, stability, guaranteed monetary exchange and a competitive tax legislation", says Mr. Bruce. Rennison Goldfields' chief of exploration for Latin America, Russell Dann, besides the political stability, RGC decided to come to Bolivia for "the suspected geology and the unexplored stage of the country". Other mining giants like Barrik Gold, RTZ, Battle Mountain Gold, Billiton, BHP Minerals and Rio Tinto Zinc share the same motivations. Alan Carter, chief of explorations of Emicruz's a joint venture between Britain's RTZ and president Gonzalo S'anchez de Lozada's COMSUR, believes the president "has been directrly responsible of bringing much of the big investments to the country", and that "the mining comunity sincerely expects that the policy set by this administration will continue". Source: America Econom'ia, Ultima Hora, Mintec