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

100 Year Old Gold And Silver Price Fixing Methodology Is Being Reviewed

News Analysis: Since there is a Lack of Transparency in the setting of Prices for Gold and Silver various countries demand a review of this ‘Ancient Methodology’. As the London Inter-Bank Official Rate (LIBOR) was subjected to collusion by Banks, others want to be sure this has not happened (and is not happening now nor will not happen) with this Metals Fix. 

The twice a day ‘Fix’ for Gold at 10:30 and 15:00 and 12:00 for Silver is set by 5 Banks Communicating with each other: Bank of Nova Scotia, Barclays Plc, Deutsche Bank AG, HSBC Holdings Plc, and Societe General SA.

These large Banks, which have been involved in the Daily Prices Settings, surely understand that their Reputations must not be tarnished by improprieties in their Gold/Silver Activities, many people say. As such, to date, they have NOT been accused of any irregularities. However, such a “Primitive” and Non-Transparent Methodology give some cautious observers concern about the future.

“Where Much Money May Be Made, Mighty Miscreants Mingle” some say.

Reality.

Reference: http://rt.com/business/london-gold-fixing-reform-016/

★ Peru To Spend $8.1 Billion On Energy This Year

News Analysis: Peru, is a nation of 30+ Million people living in an area of 1.28+ Million Km2 (494,000+ Mi2). It  will be spending $8.1 Billion Dollars for Energy to help Manufacturing, Mining, Mineral Processing, Petrochemical Industries as well as its General Development. As it stretches from the Pacific Ocean to the Amazon Basin edge, Energy is very important for the country’s growth.

Its wise Government Officials, lead by President Ollanta Humala Tasso, understand that  Investments in Energy today bring continuous growth tomorrow in this Nation of Abundant Resources.

Peru is noted for its wide variety of Metals such as: Copper, Gold, Lead, Iron Ore, Molybdenum, Silver, Tin, and Zinc. Its other non-Agricultural/non-Fabricated Exports  are Natural Gas and Crude Petroleum. Fabricated Exports are:Alloys, Chemicals, Fabricated Metal Products, 

Machinery and Textiles. Fish, Fruits and Vegetables are also its Exports.

Exports for Peru totaled $47+ Billion Dollars in 2012. It had a 5% Industrial Growth Rate and a Gross Domestic Product of $370+ Billion Dollars in 2014 (Est.). Peru, which has 39th Largest Economy in the World is also rated as “Upper Middle Income” by the World Bank. It has one of the fastest growing economies in the World.

Any Investor who is looking for a place to “Park Capital” may want to consider Peru.  Its Trading Partners are: Canada, Chile, China, Germany, Japan, South Korea, Spain, and the United States; it Exports to the “Big Boys”. One will find Peruvians to be both Industrious and Intelligent in Business Relationships. They make good Business Associates.

As Prosperous and Active as Peru is, many people wonder why the Mass Media largely ignore it in the ‘Financial News’; We Do Not.

Reality.

Reference: http://laht.com/article.asp?ArticleId=1445899&CategoryId=10718

☆ Gold And Silver Lose Their Glitter

News Analysis: Investment Funds have lost Billions of Dollars by investing in Gold (Au) And Silver (Ag) using Incorrect Assumptions. One ‘Famous New York Trader’ bought heavily into Metal Certificates with Investors Money. He thought Inflation would immediately ‘rear its head’ and he would prevail with his wise purchases. Unfortunately, Central Banks of various Countries lowering their interest rates were not heavily considered possible by this Gentleman. To his dismay, inflation has been minimal world-wide from such Banks’ activities. The Au/Ag investments he and other “Financial Wizards” made, at present, are huge losses since high inflation did not appear.

A Major Flaw that the “Financial Masters of the Universe” (FMOTU) have is their inabilities to both See and Evaluate Potentialities correctly; then Invest accordingly. Beyond what their Business Administration or Economics Professors taught them, there is MUCH MORE to Wise Investing that should be considered. For Example: What are the Domestic Political Objectives of the Governments regarding their States of the Economy? What Geo-Political Situations between Nations  are being Covertly or Overtly being pursued? What “Hidden Agendas” are influencing a Country’s Leaders? What influence is Climate Change having on Commodities, if any? The list is endless. The aforementioned may be beyond the reasoned thinking of the ‘FMOTU’. Are they to admit to Prospective Investors their Economic Myopia? Probably not, since many have Hyper-Egos combined with Minimal Integrity.

Much as: ‘A “Ph.D.” Knows More And More About Less And Less’ so too go the ‘FMOTU’.

Conversely,  the study of  “More and More” about “More and More” requires a Mentality of Adaptation to the entire Field of Learning. In such study, people realize that with the widest variety of subjects, Everything Interconnects Somewhere. Difficult as it may be to learn about a myriad of subjects, it is both Possible and REQUIRED.

Let the Egotists make their Unwisely-Timed Economic Ventures. Sagacious Investors think broadly, humbly, and without “Blinders” on.

Reality.

Reference: http://www.business-standard.com/article/international/gold-steady-set-for-biggest-annual-loss-in-3-decades-113122600083_1.html

Indian Silver Imports Soar

News Analysis: Indian Silver Imports Soar, due partially to its affordable price for many Indians and its Beauty. Silver Jewelry has delighted Humanity for Centuries. A possible Record Importation of  up to 5,400 tons is viewed as likely this year. Some say that $20.00 per Ounce Silver (Argentum ‘AG’) will be trading at $26.00 per Ounce next year.

As World Economies ‘sputter along’, one can foresee an increase in ‘AG’ demand due to its affordability by the Masses. The more people there are of the persuasion that the “Economic Slowness Will Last”, the increase in Silver Sales, due to its affordability, will occur.
“If one cannot afford Champagne, then Beer will do.” Reality.

Reference: http://tinyurl.com/nfvfzmo

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