Deadly Clash in Peru Continues PR Nightmare for Newmont

July 4, 2012 by prospectingjournal · Leave a Comment 

COMMENTARY—ProspectingJournal.com—If the image of mining in Peru wasn’t already on shaky ground, it is now: on Tuesday, 3 protestors died and 21 were injured as clashes between police and locals over Newmont’s $5 billion gold mine turned ugly. Again, Peru had to declare a state of emergency in the mineral-rich Cajamarca region where Newmont’s Conga [...]

Gold mining equities and Unfulfilled Promises

March 30, 2012 by prospectingjournal · Leave a Comment 

COMMENTARY-ProspectingJournal.com-Gold, gold and more gold. Yet again the precious metal is worth talking about. The current divergence and uncertainty emblematic of this metal is overwhelming, and at the end of the day we just don’t know where spot prices are headed. In considering the lagging demand of our biggest consumers of gold, namely China and [...]

Indonesia Mining Law: Setting a Dangerous Precedent

March 18, 2012 by prospectingjournal · Leave a Comment 

COMMENTARY-ProspectingJournal.com-When it comes to mining Indonesia is a massive player. The country is characterized by its massive exports of coal, tin, gold and copper. Abundant resources and favorable government policies have historically marked it as an attractive destination for foreign investments. But Indonesia has just jeopardized this image, and may have drastically altered the outlooks [...]

Peru: An Emerging Power in the Global Gold Hunt

November 29, 2011 by prospectingjournal · Leave a Comment 

ANALYSIS –  ProspectingJournal.com— Peru has a rich precious metals history. This diverse Andean nation, once a victim of Spanish looting, is now the largest silver producer in the world, the second largest copper and zinc producer and the sixth largest gold producer. The richness of its mineral deposits stems from a dramatic landscape consisting of [...]