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This is a really good song
- Are you going to the World Cup in Brazil this year?
- Have you spent a lot of money on tickets recently (air, stadium etc)?
- Do you have the urge to check out How. The. Poor. People Live. in the country you're about to visit, perhaps due to a slight existentialist nagging about wealth distribution*?
- Do you think the way to solve the issue in one neat package would be one of them there 'Favela Tours'?
*oh that Piketty, ain't he just the thing right now?
- You read the latest NR
- You get to the project economics highlights
- You check out the IRR estimates
This is awesome. Awesome.
Even if you don't understand Spanish you'll get the emotion. If you do know the language, be prepared to be blown away. Chile's "The 33", the famous miners trapped underground and then rescued, lend their support to the Chilean national football team.
Peru: The government's illegal mining crackdown in Madre de Dios is starting to work (plus kudos to AP)
HUEPETUHE, Peru (AP) - This nearly half-century-old Amazon boomtown has gone bust with the government's recent crackdown on illegal gold mining.
Mayor Marco Ortega estimates more than 22,000 people have left Huepetuhe since the government halted gasoline shipments in April and sent troops to destroy heavy machinery used in mining that it deemed illegal.
He says only about 3,000 people remain.
"The economy has collapsed," says Ortega. "The gold buyers, the hardware stores, hostels and all kinds of businesses have shut down. We are continues here
And here's the RIO.to version of the news with the suitable "Becasue AEM loves us we don't have to print paper for 8.6% of the company we're buying". Just bangs treasury down to $10m.
The conditions for a real peace agreement are in place. The environment is perhaps more propitious for a deal than ever before in the last 50 years. Yet it is clear that the talks in Havana are not what the government has been selling, and that peace is not around the corner.
So says The Australian, right here. It's "rising speculation", they say.
Personally I thought i'd be Anglo. Hey ho.
After yesterday's Ottotrans™ edition, your humble scribe is asked via mail:
Doesn't Lumina already belong to the Chinese?Which is a fair question (especially as the person who wrote the mail lives in Peru and follows Cajamarca things more closely than stocks and shares). Here's the answer.
There's Lumina and there's Lumina and there's Lumina. This particular project in Argentina (Taca Taca) is still an indy-owned junior exploreco that trades under the ticker LCC.v. What Lumina (as a group, roughly speaking) has done over the last decade or so is first gather together a whole bunch of deposits and sell them off one-by-one to the big boys. They picked up very prospective concessions when things were cheap and copper was out of fashion, then advanced them. When copper became fashionable again, they cashed in (another example is their sale of the Relincho property in Chile to Teck, there are others besides, full list available on request). In a nutshell, Lumina had the vision when others didn't and as a result has made a veritable shitload of money... and good for them too, winners who won. There are others involved but the brain at the bottom of the enterprise is Ross Beaty, who also founded Pan American Silver.
So to answer your question, what happens is that when the deposits are sold to whoever, the local wholly owned subsidiary is spun out and then the name is often kept. Therefore for example, the Chinese-owned Galena in Cajamarca still goes under the name "Lumina Copper SAC".
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2014) - Lumina Copper Corp. (TSX VENTURE:LCC) (the "Company" or "Lumina") announced today, in response to trading activity that may stem from market rumours, that its strategic review process that was announced on June 15, 2012 remains ongoing. As part of that process, the Company has examined a number of alternatives including, but not limited to, joint ventures, strategic partnerships, mergers, acquisitions, and the sale of the Company or other corporate transactions to enhance shareholder value.From time to time, this strategic process leads to third parties conducting due diligence on Lumina and Lumina entering into discussions with third parties regarding strategic alternatives. There can be no assurance that any such current discussions will ultimately lead to a transaction. As a general policy, Lumina does not publicly comment on strategic discussions unless and until its board of directors has approved a specific transaction or such disclosure is otherwise appropriate. The Company intends to make no further comment or release regarding current market rumours unless and until such comment is warranted.LUMINA COPPER CORP.
A couple of guys with binoculars at the Lindero property saw a bunch of Chinese getting out of a 4X4 over the other side of the valley at Taca Taca. They made a phone call to Cal Everett and before you can say Vancouver Yeehaw, our market cap shoots up $100m. So can you please stop fucking around with our share price, people?
La sociedad cubana, sin embargo, parece mantenerse al margen de los titulares, los artículos encendidos y las réplicas -o apoyos- a la llamada “carta de los 40” que ya circulan por las redes y los correos electrónicos. Con el pensamiento puesto en esa población desinformada y sumida en sus grandes problemas cotidianos, realicé esta entrevista al vicepresidente de Estados Unidos, Joe Biden, que me recibió en Washington pocas semanas antes de la salida de 14ymedio.
"Seguiremos buscando formas prácticas para apoyar una mayor conectividad en Cuba"
"Promover un cambio para que los cubanos puedan disfrutar de una vida normal"
...has been sent to subscribers, Tuesday morning pre-open. More news and views.
(now concentrate on this): Britain asks Cuba to support the England football team in the Brazil World Cup because "we're really not that good"
"Out of regional solidarity, many Cubans will probably think of cheering for one of the Latin American teams – perhaps Brazil or Argentina ... [b]ut the only team it really makes sense for Cubans to support is England. Here's why."
"...the British introduced football to Cuba."
"...football was invented in England. At least that’s what we English like to think."
"...like Cuba today the England team is racially diverse with an emphasis on youth."
"...England really needs all the help we can get...we’re really not that good.
Brigade Commander Sprott surveys the landscape from a high (very high) emplacement. The attrition has become evident. Long specs lie motionless by the thousands, their grotesque twisted corpses sprawled out in blood-soaked grass, riddled with shrapnel, gashed in scores, bored with bullet holes. They had been frightened out of their position by repeated raids at fifteen minute intervals carried out with the clock-like precision for which the Cartel was known. The sweet spoils of victory were not theirs to share. Sprott murmured between his teeth to Private Embry, whose eye had fixed upon a fallen man of broad muscled back, his white well-fed body made marble statue by Death.
It's not all over, but with just under 90% of the very accurate fast-vote count now in we can make some very solid calls. Here's a screenshot from CM& that helps the eyes:
UPDATE: Now with 97.71% of the fast votes counted it's Zuluaga with 29.23% and Santos with 25.58%. Voter turnout is going to just scrap over 40%, i.e. very low (e.g. in the last Presidentials in 2010, turnout was 49%)
It would seem that Santos's best chance in the second round is to get more people out and voting. That may happen, because in the last few days it was clear to just about everyone that OZ and JMS would make it to the run-off, which may have caused a measure of voter apathy. Still, Zuluaga must still be counted as fave from here.
*oops splittin' mi infins, naughty. TY setty