Gold

Precious Things in Peru

Anthony C. LoBaido

Peru is an interesting country in that it has been forged by the Conquistadors, brought into modern times by the Japanese (including a famous Peruvian leader with Japanese DNA) and may fall into the orbit of Mainland China. Peru, like many Latin American countries, can indeed be seen as a natural resource colony for Asia’s emerging power houses.

According to an NGO worker based in Costa Rica, “America is losing power by the day and is no longer able to keep China out of Central and South America, nor Russia for that matter.”

In the wake of these erstwhile geopolitical changes, astute Latin America watchers may well ask what’s going on in Peru? According to Linda Dixon, an American gold entrepreneur now based in Peru, that South American nation ranks high in both silver and gold production. Corporations which may or may not adhere to environmentally-sound mining procedures are assessing the risks in the marketplace in regard to the terms of capital investment, borrowing and the rate of return. Opportunities exist in abundance for the small to medium scale investor

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Cuba Mining

by Christopher Ecclestone

Cuba has a history of mining extending over a period of three hundred years. During the period 1900 to 2002, mining was a permanent activity, and during WWII the mining of manganese, some copper, and nickel was most important. The nickel resource comes from extensive laterite deposits that are considered among the largest reserves in the world, ranking alongside Canada, Russia, Australia and New Caledonia. Cuba is also an important nickel and cobalt producer, ranking sixth in the world in terms of nickel and accounting for 8% of the world's cobalt production. Cuban mineral production is largely state controlled, although the government has made steps to amend the mineral laws and legislation, which will hopefully change the industry's structure. In 1993, Geominera was formed as a private company utilizing state funds. Geominera focuses on gold and base metal exploration, whilst foreign investors are currently developing nickel/cobalt and gold resources. 

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