Evo Morales exproriates Canadian mine

[HarperCons]

No compensation for seized Canadian mine: Bolivia - The Globe and Mail


Bolivia ruled out paying compensation to South American Silver (SAS) on Wednesday, two months after its leftist government nationalized a mine operated by the Canadian firm.


“The nation has no financial obligation to South American Silver,” Mining Minister Mario Virreira told reporters.


Bolivia’s President Evo Morales expropriated the silver and indium mine managed by a local unit of SAS on Aug. 2, in a move strongly criticized by the Canadian government and foreign investors.

 

[lone wolf]

That's one of the risks of offshore investment.

 

[Cliffy]

Canadian mining companies over seas, and in particular, South America have a very bad reputation for human rights and environmental violations. There have also been reports of hit squads killing natives who fight against the theft of their lands. I would not doubt that these are factors in Bolivia taking over the mine and why they will not compensate.

 

[DaSleeper]

 

[damngrumpy]

Ain't it a bitch when the political winds change? I have heard a lot of stories
about how disgusting the Canadian mining companies have behaved.
The picture of the world is changing and these things are going to happen