Thursday, May 04, 2006

Concern for Mining Investments in Peru

Source Article:

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.

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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).