 | Silver Mining in Peru: Looking Forward Through Crisis‎Popularidad del Perú, Me gusta 75% |
Protests against the Canadian-owned Bear Creek Mining Corporation’s (CVE:BCM) Santa Ana Silver project resulted in five people being killed by police gunfire last Friday at the Juliaca International Airport, located 160km away from the site, and contributed to a severe drop in the company’s share price. This one dramatic event is a culmination of months – or possibly years – of political unrest in the country, and represents a very uncertain future for foreign investment in the natural resource sector. “It’s not a very good precedent that’s being set right now,” said Chris Thompson, an analyst and Haywood Securities. “I could ask myself how this is going to unwind. If you have a project right now that’s a soft target and being used as a tool to make a point, it’s not a good position to be i.”
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By Damon van der Linde
Jun 30, 2011
Read full article: silverinvestingnews.com
2011-07-08
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