Aris Mining Corp T.ARIS

RE:RE:Barrick and Pasqua Lama

[Stratocheif]

No one can say for sure about these things. Barrick did everything they could to adress the environmentalists complaints. They were willing to commit many millions more to make the project conform to any issue. And that mine would have put Chile on the map as a major mining jurisdiction. Barrick even committed millions to enhance the lives of tge local peasants. But the government favored the environmental side and canceled the project anyway. This is the problem in Latin America or Africa or anywhere where the ones in charge are unpredictable. It's why Dr Thomas Kaplan has been warning for years now that Canadian and American miners are wise to focus on thier own countries to mitigate risk. There is a growing movement in developing countries to kick out the foreigners and develop thier resources themselves. Mines being built in Canada and the US, I have high confidence in the outcome...even if less profitable. Mines in those countries.....one has to keep in mind the evolving uncertainties. Yes there is possibility of good profits, but one never knows for sure. Look at the article below. One can brush it off. But sometimes talk turns into action-----------------------------------------------------------------------------
 

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ANALYSIS

Mexico lawmaker drafts motion to nationalize mining

BnamericasPublished: Tuesday, September 27, 2022

Open pit mining Politics Legislation & Regulation Licensing & Concessions Mining Companies

A legislator from Mexico’s ruling Morena party has drawn up plans to nationalize mining in a comprehensive legislative overhaul, which would see open pit mining banned and the State granted new powers to cancel concessions.

Senator Blanca Pia, who represents Michoacn state, penned a motion calling for mining to be deemed a matter of national security and brought under state control, claiming the current set-up has allowed private companies to plunder mineral resources while riding roughshod over the rights of communities, indigenous groups and workers.

The proposal, which includes changes to six articles of the current law, also calls for concessions terms to be slashed and for titles to be axed in the event of human and labor rights breaches, accidents and environmental damage.

While it is unclear whether the draft bill has the backing of the Morena executive, it aligns with many of the policy goals of President Andrs Manuel Lpez Obrador (AMLO), which include tougher regulations or restrictions on mineral concessions and permits, an expanded role for the state and stronger protection for the environment and communities.