Loading ...Argentina: Mining as a pawn in the Chubut election chess game (From IKN296)
From IKN296, out yesterday.
Argentina: Mining as a pawn in the Chubut election chess game
Some interesting developments in the Chubut region of Argentina last week. The need-to-know results of the moves for capitalists us on the outside looking in and wanting trade info:
•It’s all about provincial governor Martín Buzzi positioning himself for a re-election bid
•It’s bad for Yamana (YRI.to) (AUY) and its Suyai project
•It’s good for Pan American Silver (PAA.to) (PAAS) and its Navidad project
There were two pieces of news out of Chubut Argentina for mining last week, both on January 8th. Firstly the governor of the province, Martín Buzzi, signed a decree (10) that bans mining activity in the Western mountainous region of the Chubut province. Secondly (11) he signed a decree stating that there would be local referendums on mining projects in the province on October 25th, with each zone affected by a project allowed an up/down vote on whether it goes ahead, run concurrently with the national Presidential election set for that day. Those are the facts of the events, now for the reasons: