Thursday, March 20, 2014

Bear Creek Mining Corp. with Renewed Momentum for its Mining Operations in Peru

The Peruvian government reported that it intends to reach an agreement with Canadian miner Bear Creek, and avoid international arbitration. 

The conflict arose because the previous government of Peru canceled the rights of Bear Creek on the Santa Ana silver project following protests by the people of the southern region of Puno, who questioned its operation by fears of environmental damage.

Bear Creek Mining Corp presented the Peruvian Government in February 2014 "notice of intent" to initiate an international arbitration under the provisions of the Free Trade Agreement between Peru and Canada, signed in 2008, which guaranteed rights of investors in both countries.

The Peru 's economy minister, Luis Castilla, recently said: " There is total commitment of the Government and the company to overcome this problem exists, it is resolved as soon as possible and not get to arbitration." "There are certain mechanisms to address conflicts between the country and investors and are effective and then we are in that process."

In Santa Ana , Bear Creek plans to produce five million ounces of silver annually since 2012 . The mine has reserves of 63.2 million ounces of silver. 

On the other hand, the Canadian company last year received approval of its environmental impact study to develop another project in Peru called silver Corani which is bigger than Santa Ana and is also found in Puno.

In Corani , with an investment of 574 million dollars , Bear Creek would draw about 13 million ounces of silver per year over the first five years of production. 

Peru is the third largest producer of silver and has mining as an engine of growth since its metals exports represent 60 % of total exports. (data : Reuters)

Monday, March 10, 2014

Mistreat Peruvian representative to the OAS


But things got even more complicated when Brazil sided with Venezuela , relying on the theory of non-interference in domestic affairs . Protests in the United States and Canada did not wait . At this point, a recess ( 8 pm Thursday ) agreed to keep several ambassadors ( including Peru ) withdraw from the meeting room to delegitimize the subject. After the round of consultations ambassadors to their foreign ministries , the session was resumed without anyone suspecting that the stubbornness of the ALBA countries end ruining any proposed resolution is not convenient for the government of Venezuela. 


The representative of Peru , Juan Jimenez, by ordering a climate of tolerance for the benefit of all Venezuelan political actors ( including the opposition ) and propose to track events is performed to check whether or not to activate the mechanisms the OAS Charter and the Inter-American Democratic Charter was criticized aggressively by his counterpart from Venezuela . Something similar made ​​by the representatives of Ecuador , Bolivia and Nicaragua . It took the intervention of Canada , Chile and Panama to stop criticism against the Peruvian diplomat, who was described as " inexperienced " diplomat "newcomer" by the aforementioned countries. At this point, still early Friday , the decision to rest eight hours and start working on commissions before restarting the session of the Council was adopted. 


On Friday afternoon, the divisions were the same , but the resolution in support of the regime Nicolas Maduro already had enough votes to be adopted at the plenary of the Permanent Council . The Peruvian ambassador, his pride wounded by the qualifiers received hours earlier, again ignited the discussion by noting that the OAS did not need to express support for the Venezuelan Government, but should act by the grave situation in the country and demand a dialogue true , transparent, tolerant and unrestricted . Things became more complicated when the Peru, United States, Panama and Canada described as weak and confused the statement I wanted to be approved by the Permanent Council , as set no clear positions on the defense of democracy and freedoms in Venezuela . 


When I knew that he knew it was impossible to avoid a conviction may not be approved to Venezuela, Peru requested that the meeting is public and again the ALBA countries ( with the full support of Brazil ) adamantly opposed . Eventually proceeded to a vote in camera and demonstrated the political ineffectiveness of the OAS to promptly resolve the problems in the region. 

The worst thing is that before a sensitive issue such as Venezuela , economic and political interests of some countries to support a new style of "secrecy" within the OAS, without considering the consequences of a future institutional fracture that could bring down the principles of that institution. 

" The fracture in Latin America is a fact, and Brazil is fulfilling a shameful role .

Friday, March 7, 2014

Unasur will see Crisis in Venezuela - Government and Opposition Must Appear

Unasur foreign ministers will meet next Wednesday in Santiago de Chile to discuss the crisis in Venezuela, Elias Jaua reported .

Jaua said "In the evening hours yesterday we received information from the pro tempore presidency of our Union of South American that there was a consensus for the Nations foreign ministers meeting to be held in Santiago de Chile on Wednesday 12" .

The Government of Venezuela presented at the meeting his analysis of the causes of the crisis that began on 12 February with the outbreak of a wave of protests by opposition groups are taking to the streets to express their displeasure with the Government of Maduro.

Jaua vindicated Unasur as the platform to discuss the Venezuelan crisis and again questioned the effectiveness of the Organization of American States (OAS), which did not reach consensus Thursday to convene a meeting of foreign ministers of the continent around the Venezuelan case .

Unasur presidents will attend the inauguration of Michelle Bachelet as president of Chile. Since the consensus of all the presidents to meet and could not handle the case of Venezuela, the concurrence of the leaders to Santiago otherwise, has been used to count on the presence of all the presidents of South America in a meeting to discuss the chaos in Venezuela, the government of that country can not solve .

Venezuela is experiencing a wave of strong continuous protests since February 12 against the government of Nicolas Maduro , which in some cases has led to acts of violence which left 20 dead , over 300 injured and hundreds arrested .

Maduro confirmed Thursday its willingness to attend a meeting of UNASUR to expose the "circumstances of violent attacks " in his country .

In our opinion, Unasur should hear the arguments of the Venezuelan government, and also the reasons for the opposition leaders of Venezuela, who must attend the appointment.

Similarly, considering the close ties of the Government of Venezuela with the Government of Cuba, Unasur should hear Mr Raul Castro to make a presentation on the Venezuelan crisis.

With these 3 sources of information, Unasur should make a comprehensive analysis and determine appropriate action.

Maduro, Jaua, and Cabello, should speak for the government, on the other hand, Capriles ,Lopez , and Maria Corina Machado should speak by the Venezuelan opposition. Complement Raúl Castro. They are the main actors in this severe crisis in Venezuela, and forced participants in this quote from Unasur.

In addition to the political crisis, the Venezuelan people suffering from shortages of food and basic commodities, lack of medicine, lack of dollars, cuts to freedom of expression, suppression of some forms of domestic and international media, and other serious problems, which be treated and solved in this Unasur summit .

This is not to reason and support to anyone in particular, but to get to define actions to be performed by both parties in conflict, and realize monitor strict compliance. (hurtvillac)

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