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Bolivia Mine Exploration To Expanded Control Mining Exploration
Bolivian President Evo Morales nationalized Bolivia’s main gas pipeline company, expanding his control over the Andean country’s natural resources one day after losing two regional referendums on his rule.
Morales issued a decree seizing the majority stake in Transredes Transporte de Hidrocarburos SA owned by Europe’s Royal Dutch Shell Plc and Ashmore Energy International. Bolivia’s state [...]
Mining and Energy in South Korea Plans
South Korea plans to invest about six billion dollars in overseas mining and energy projects to secure stable supplies for the resource-poor nation, a state minerals explorer said Monday.
Korea Resources Corp (KORES) said it would work with local private companies to secure uranium, copper and other resources within the next eight years.
“The planned investment is [...]
CHILE: Aymaras Vow Mining Co. Will Restore Wetland
The Aymara community of Cancosa on the Chilean Altiplano region of Tarapacá, bordering Bolivia, will spare no effort in its struggle to rehabilitate a wetland dried out by the Cerro Colorado Mining Company (CMCC), an affiliate of the Anglo-Australian BHP Billiton company.
Antonio Mamani, a Cancosa leader, utters an involuntary groan at the sight of the [...]
Chavez attacks US ahead of Putin talks in Moscow
Venezuelan President Hugo Chavez on Thursday railed against the United States at the start of a visit to Russia and called on Moscow to help lead a worldwide revolution against Washington.
Accusing the United States of “imposing tyranny,” he said a “revolution” was under way against US global power and that Russia was a key player.
“They [...]
Six Projects Totaling 25,000 Meters of Drilling Slated for 2007
Solitario Resources Corporation announces that drilling has commenced on three of its exploration properties as part of the most aggressive drilling campaign in its corporate history. A total of 25,000 meters of drilling is currently anticipated on six separate projects located in Mexico, Brazil, Peru and Bolivia. Over 80% of this drilling will be 100% [...]
Bolivia to make mining firms sign JVs
Bolivia will no longer grant concessions to mining firms under a decree issued by the leftist government this month, instead making them sign joint-venture deals with the state, the country`s mining minister said.
The decree signed by President Evo Morales on May 1 means foreign miners wanting to explore or mine land in the mineral-rich South [...]
Venezuela strips oil giants of £15bn crude projects
Venezuela stripped the world’s biggest oil companies of operational control over massive Orinoco Belt crude projects on Tuesday, a vital move in President Hugo Chavez’s nationalisation drive.
The May Day takeover came exactly a year after Bolivian President Evo Morales, a leftist ally of Chavez, startled investors by ordering troops to seize his country’s gas fields, [...]
Morales says Bolivia to nationalize mining sector
Bolivia’s government will move ahead with plans to nationalize the mining industry, President Evo Morales said Friday, in the latest move by a left-leaning Latin American nation toward more state control of key sectors.
Morales, speaking to reporters at a summit of presidents of the Mercosur trade bloc in the Brazilian city of Rio de Janeiro, [...]
Russia defends its gas honor
This year has been the most eventful for Russia’s energy policies since the break-up of the Soviet Union.
Moscow has convinced everyone that the many years of subsidized gas prices for neighboring economies are becoming a thing of the past and that it is firmly determined to defend the position of its energy industry on the [...]
