Business News Americas Thursday, May 4, 2006
Newmont: Elections threaten investments of up to US$2bn - Peru
Published: Wednesday, May 3, 2006 16:56 (GMT -0400)
Five years of planned investments worth up to US$2bn at Peru's Yanacocha gold mine could be threatened if the country's legal and fiscal stability is not maintained, Pierre Lassonde, president of US miner Newmont said.
Nationalization like what happened in Bolivia, Ecuador and Venezuela is every forgein investors nightmare. I think that I'll stick to North America.
Hey, Canada's newest gold mine is right here in Manitoba, San Gold Corporation at Bissett (SGR: TSX-V).