When: “What Is Yours, Is Ours” In Mining Occurs, Tribes Become Irate At The Interlopers From Other Continents

Our varied interests in Geology in general, and ‘Mining’ more specifically, over the decades, have allowed us to see the worst side of many Corporations [‘Earth Extraction Entities’ (EEE’s)]. All too often, they have sown the ‘Seeds of Discontent’ in the areas of land they mine or desire to mine. This has repeatedly been done around the world.

In Australia, we had previously written of the destruction of aboriginal artifacts through explosions in mining areas: approved in advance by elements of an Australian state government and EEE’s management. The damage done cannot be corrected. To the aborigines, what has gone, will only remain in their collective memories of their noble past.

In Africa, ‘Artisanal Miners’, who merely want to have a mere scintilla of a morsel of the diamonds, emeralds, gold, or silver they find with their hand and shovel diggings; in ocean shores, in riverbeds, or in jungles, to be sold to support their families. Large mining companies from continents afar, typically get law enforcement authorities to toss them off properties, using undo force. The management of many EEE’s do not care for the locals economic plight. They merely want the extracted mineralization at the lowest possible price [rather than ‘fair market value’]. Presently, more of the African governments are reviewing earlier mining agreements prior administrations contracted. They are finding rampant bribery to former government officials by mining companies. Furthermore, the monies attained were sent to bank accounts in Panama and elsewhere. This was the situation in Angola, for example. The citizens of the countries victimized were promised Gold, but given spoons plated with Chalcopyrite. The governments are demanding ‘Fair Market Value’ of the ores mined, not ‘Peanuts’ typically negotiated.

In northern India, artisanal riverbed rock miners have had a hard time to extract from various areas. They have decried the fact of being denied access to streams to engage in mining. Fortunately, it appears that Indian Prime Minister Narendra Damodardas Modi, has heard of their issues and is getting ‘officialdom’ in the territory to examine the facts involved. One would expect no less of this gentleman.

Papua New Guinea, has vast mineral reserves, of which Gold is a priority of EEE’s. A problem in the country, of which there are a number, is the damage done to the rivers and streams due to contamination to the watershed. In fact, this is a expansive issue with Gold mining everywhere on Earth. ‘Heap Leaching’ is employed with Potassium Cyanide or Sodium Cyanide being sprayed over the extracted ore to release the Gold from the rock. Percolation into the soil is possible where voids are present in the ‘material liners’ on which the ore is dumped. Where percolation occurs, contamination can become widespread in the immediate vicinity. Also, if a crack develops in piping taking the ‘Pregnant Liquor’ to the ‘Carbon Trees’ for convergence of Gold Particles with wire ‘wool’ contained therein, contamination of the soil underneath is probable; fauna and flora are thereby jeopardized. ‘PNG’ citizens demand accountability of the EEE’s.

In Bolivia, the indigenous groups’ lands, of which the EEE’s have been or want to mine, are upset as to the terms of contracts that have been signed. They demand dissolution of the agreements and want new, ‘balanced and fair’ terms entered into. Again, it will take Bolivian Leaders with the integrity of a Indian Prime Minister Modi, to review the complaints. They need to get their bureaucrats to renegotiate equitable terms for the citizens of Bolivia in general, and the affected tribes specifically; rapprochement should occur. Since the “Seeds of Discord’ have been sown long ago, we think the possibility of hostilities are too important to not act decisively. Physical belligerence may soon happen, with all participants losing, as a result. We anticipate the Bolivian government will understand the grievances of the tribes and deal fairly with them as well as with EEE’s, so all parties ‘win’.

It has been demonstrated, companies mining in Russia, have gone to great lengths so landowners, neighbors, as well as the environment where mining is presently occurring, are satisfied. The wise Russians learned for experiences of years ago, as to the benefits of responsible mining. In fact, EEE’s in other countries of the world, should look at Russia’s mining ‘Horn of Plenty’: Siberia [for mining extraction and processing investment opportunities]. The resource riches of Siberia, other world leaders can only dream about.

Long-term rewards in Mining, are available to only be attained by the Wise.

Reality: Mining is a industry where ‘Good Business Opportunities on Solid Ground Are Discovered, May Be Located On Quick Sand: A Mirage Is, As A Mirage Does’.

Reference: https://www-lostiempos-com.translate.goog/actualidad/economia/20211016/indigenas-del-norte-paz-anuncian-movilizaciones-exigir-reformas-ley?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=nui

Mining Managements: Will They Ever Have Operational Paradigms Of : “Capitalism With A Conscience”?

Over many decades, on all of the continents, we have see time and again, in many mining operations, a repeating scenario; this being: “Promise the land owners everything; reduce it, with ‘operational costs’ (prior to payments); deliver very little to them; leave the owners with nothing for cleaning up the ‘malignant’ messes left behind.” There are very minor iterations to this general theme, be it for ‘below ground’ or ‘open pit’ operations regardless of the minerals involved. These “Capitalists” do NOT share the wealth (thus avoiding ‘Capitalism With A Conscience’).

A continued theme to these Mining Scenarios, regardless of continent or country, is that typically the Indigenous Peoples who own the lands, as cases may be, are NOT given respect as to their inputs on the projects. Instead, governmental bureaucrats speak ‘on their behalf’! We, in International Business, understand how that really works [to the chagrin of the landowners].

In Papua New Guinea, we hope the government will be able to realize gains for its citizens, as it re-negotiates the contractual elements. For past damages to the ecology of the area, how does one properly assess it? For future damage, how does one assure substantial site remediation funds are available? What about health benefits long term for employees who suffer any contamination?

We think that this offered framework by the Canadians and Chinese, is a ‘giant step’ forward towards all participants ‘winning in this card game’; Certainly 51% ownership to the Papua New Guinea Government helps. Since the Chinese are “Masters of the Long View” of business transactions [their not being mere ‘day-traders’], we think stability to this new contract will be evidenced by them. By and large, we applaud “C.E.O.” Mr. Mark Bristow, for his ‘Paradigm Shift’ as to what Contracts can become: “Winning Hands For All Players In The Biggest Gambles Of All: Mining”. As for ‘Gold (Aurum) itself, we say: “Go long as to the ‘play’, you will smile each day.”

Reality: A ‘Good Deal’ for all ‘anxious’ parties requires: a New Deck of Cards; a ‘Clean Shuffle’; Card distribution by One with Integrity; and, Satisfaction in each party’s play.

Reference: https://financialpost.com/commodities/mining/barrick-gold-lost-its-social-licence-in-papua-new-guinea-this-is-the-price-its-paying-to-earn-it-back

A Rational Leader Remains So, Even After Leaving Office

It is refreshing to continue to listen to a Leader such as Papua New Guinea’s former Prime Minister Sir Julius Chan. Sir Julius, has been looking for methodologies that will improve his country’s present financial condition; this, which was brought on by the infamous Corona Virus [CV-19].

The former Prime Minister continues, we think, to properly assess a marketable commodity produced in his country: Gold [Au]. As other mineralizations plunge in value in the world market, we, as International Businessmen, are of the opinion Au will rise; this, in continual opposition to many other commodities mined.

As the adage goes: “There is no replacement for Experience.” Sir Julius exhibits continued profound Wisdom, in a world of which we continually see, of inept, ill-reasoned ‘business’ decisions by various countries’ ‘leaders’; they are not “Leaders”, as was (and is) Sir Julius.

CV-19 Decisions: Many of these “marginal-merit ‘miasms'” of ‘leaders’, are ruining their countries’ economies; these, worse than most natural disasters or probable warfare would. We see recoveries, for many countries, not in a time-frame of months, but years.

Reality: As fine wine improves its quality with age, so does consistently: a few remarkable men and women, who we deem as “Leaders”.

Reference: https://mine.onepng.com/2020/09/sir-julius-suggest-png-govt-should-sell.html

☆ Australian Government Facilitates Australians Getting A “Fair Bite Of The (Papua New Guinea) Cherry”

News Analysis: As we have already stated: Papua New Guinea “Is where the Economic Action Is”. Now, the Australian Government Facilitates Australians Getting A “Fair Bite Of The (Papua New Guinea) Cherry”; a very prescient economic move by the Australian Government.

With Tax Incentives available as well as “Red Tape” reduced for business transactions, Australians are well situated to prosper in Papua New Guinea.

The Natural Resources of New Guinea including Gas, Oil, Precious Metals, and the like along with varied Agricultural Crops makes the Country a ‘Horn of Plenty’ for Foreign Investors. The Wise Australians understand Economics  in Papua New Guinea. Others from elsewhere should join the Australians and thereby prosper; “Go where the money is”.

Reality.

Reference: http://www.townsvillebulletin.com.au/business/new-push-to-take-up-png-export-grants/story-fnjfzyqo-1226860882539

☆ Papua New Guinea (PNG) Experiences Good Economic Growth; Infrastructure Will Increase

News Analysis: Papua New Guinea (PNG) Experiences Good Economic Growth; Infrastructure Will Increase to help further growth. ‘PNG’ covers an area of  462,000+ Km2 (178,000+ Mi2) and has a total population of over 6.4 Million people.

‘PNG’ has assorted natural resources of: Copper, Fisheries, Gold, Natural Gas, Oil, Silver, and Timber. A Gross Domestic Product (GDP) of approximately $19 Billion Dollars is based in part on Agriculture. Such products as: Cocoa, Copra, Coffee, Fruit, Palm Kernels, Poultry, Pork, Rubber, Shellfish, Sugar, Sweet Potatoes, Tea, and Vanilla help the economy.

‘PNG’ Imports: Chemicals, Food, Fuels, Machinery, Manufactured Goods, and Transport Equipment.

As Trade in the Pacific Basin increases along with trade in Asia, ‘PNG’ can only benefit. Entrepreneurs and Investors should consider such funding as an adjunct in their Portfolios.

Heavier investments in Bridges, Harbor Constructions, Piers, and the like are already of importance to  the ‘PNG’ Government. Opportunities abound in such an Economic Environment.

Reality.

Reference: http://www.thenational.com.pg/?q=node/65731

Seafloor Mining in Papua New Guinea Area is a Metals “Horn of Plenty”

News Analysis:  Seafloor Mining in Papua New Guinea Area is  rich in Copper, Gold, Silver, and Zinc Deposits. Since existing Robotic Mining Equipment is available, extraction of Seabed Deposits should be easily attainable. Once extracted, and sent to a recovery ship, the metals can then be sent to China for Smelting.

The extraction of Metallic Nodules in the oceans of the world is quite pervasive. Even so, locating rich deposits in shallower waters is economically most favored by Investors.

Reference: http://www.onepng.com/2013/10/seafloor-mining-robots-and-equipment.html