RE: queasy about Ecuador.. No doubt Russia is better.
Ecuador Government and the Canadian Government have a good working relationship. To back up this statement a good read is the new Quinto airport. This was build by the Canadian Government project assigned to T.ARE Aecon Group.
there were some hiccups like the Mayor of Quinto wanting a larger cut half way through the project.
550,000 a year out of the operating revenue ARE-T 48% there are other contractors as well, they get the 25 year operating revenue.
anyway the problems i can see in Ecuador are the Correa Government wanting mining, need the cash. The big problem are the indigeous people not wanting to give up the land ,or not wanting mining at all. The other group who want mining but want the profits given to the people who invest nothing.
it should get interesting to see if the Chinese company can acually start stripping land, cutting down trees for the huge copper mine. They plan on clear many hectacres of rain forest which is home to these people.
If they can accomplish this without a major rebellion, and i think Kinross will be fine.
Something to keep an eye on between now and August 1 the K signing.
Also K wants an investment treaty before they commit funds now whether the Canadain Government will take part in this signing i think should be mandatory.
If K writes down the Fruta del Norte FDN that could be a 650 million write down, will hurt.