Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Point taken Add but anyone or anything to get this dawg moving.....upwards of course .
No Friday afternoon bounce this week by the looks of it, I guess we can only use the Ecuador election results once??
smick, my concern is not about a sale, it's about the prospect of a jv. We must not do one with the Chinese. Mind you, there's no chance of that happening.
Yeah Add because Bhp are all about indigenous communities lol
Sell to the highest bidder
And yet there have been a number of people on here clamouring for Chinese involvement in SOLG. We should have nothing more to do with them.
Bodes well for the Aussies and Canadians
It looks like further Chinese investment in mining would meet massive local opposition based on the experience so far...
https://dialogochino.net/en/infrastructure/33575-can-latin-americas-first-aiib-member-learn-from-past-mistakes/
https://multimedia.scmp.com/week-asia/article/3011618/beijing-conquest-latin-america/chapter02.html
"Antagonism against Chinese SOEs is particularly acute in Ecuador, South America’s second biggest petrostate. Ecuador depends on oil rents for 26 percent of its revenues and has a long tradition of resource nationalism....
"Ecuador’s indigenous communities have been marginalized by the central government since the early 2000s, with environmental disputes and infighting emboldening Chinese SOEs to act aggressively and unapologetically....
"Since then, Chinese investments in Ecuador’s mining and infrastructure sectors have fueled a new wave of anti-government and anti-China protests. Chinese mining conglomerate Ecuacorriente S.A., an Ecuadorian subsidiary of China’s CRCC-Tongguan consortium, has become the target of indigenous activism...
"More recently, Chinese gold mining and a Chinese dam in Ecuador have sparked protests, against a backdrop of larger concerns regarding unhealthy dependence and the potential for a Chinese “debt trap.”...
"China’s expanding footprint in Latin America, with its heavy focus on primary industries and increasing attention to value-added investments, has undoubtedly generated jobs, furthered development, and created a viable alternative strategic partnership for countries across the region. On the other hand, the Chinese SOEs leading major extractive and infrastructural investments have earned harsh criticism for their lack of social responsibility. ...
https://thediplomat.com/2020/02/the-missing-link-in-chinas-economic-ambitions-in-latin-america/
Its irony novice...meanwhile...
"In practice, however, there are already a dozen projects that will now fall under the BRI umbrella, including....the copper mines of Panantza-San Carlos and Mirador (which have seen strong socio-environmental conflicts).
Concerns: "This close relationship has caused Ecuador to develop a dependent relationship with China and to be contemplative in the face of the socio-environmental impacts and intense conflicts caused by their companies" – Center for Economic and Social Rights
"In Ecuador, for instance, by the end of 2018, the government had borrowed up to US$19bn in loans from China to fast-track development projects. The loans, which were partially repayable with oil shipments, became expensive as oil prices dropped.
Ecuador has since struggled to tighten its fiscal deficit. In February 2019 it resorted to a US$10.2bn bailout package from international financial institutions including the International Monetary Fund and the World Bank...."
https://www.forbes.com/sites/wadeshepard/2020/01/29/how-chinas-belt-and-road-became-a-global-trail-of-trouble/
"While the lack of transparency and oversight as to what China is doing abroad was a boon in the early days of the Belt and Road, the initiative has lost support amid the scandals, debt traps and failed projects that have emerged in recent years. Countries along the corridors are now operating with far more caution and scrutiny, pumping the breaks on many projects and potentially setting the BRI back for years to come...."