NPM newpeak metals limited

Newpeak´s problems in Argentinian jurisdiction?

  1. 851 Posts.
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    Hello

    In recent Crux investor webinar David Mason said, 15:50 minutes see youtube at the end
    "We found Argentinian jurisdiction got a little bit difficult about 2019,
    so we saw a really good reason for expanding outside of Argentina
    into other jurisdiction focusing on gold, so we moved into Northern Europe.."

    Later he claims that jurisdiction got better 2020.

    There appears not to be explanation why jurisdiction with Argentina gold projects
    got problems 2019 so there was a really good reason to look for better places.

    Possibly you would know bellow are some links about factors in Argentina.
    There is a repeating pattern of mining accidents, protests and environmental problems,
    which a responsible investor should know

    1) General opinion about mining after bad projects

    Most recently Argentinian president Alberto Fernandez was attacked by
    protesters against plans to resume open-pit mining in Chubut Province in Patagonia.
    https://www.bbc.com/news/world-latin-america-56389508
    https://www.mining.com/experts-warn-civil-unrest-argentina-readies-lift-ban-open-pit-mining/

    2) Local bans of ope pits and megamining
    https://theconversation.com/the-argentinian-fight-against-mega-mining-95672
    Several provinces have already banned open pit mining mining and gold cyanidation.
    https://en.wikipedia.org/wiki/Gold_cyanidation_ban

    3) Coexistence with uranium
    https://www.northernminer.com/news/why-chubut-s-treasures-may-stay-buried/1000212171/

    4) Issues with native people
    Large protest by indigenous communities under pressure from corporate mining in Chubut, ArgentinaDec 14, 2020
    https://londonminingnetwork.org/2020/12/indigenous-communities-under-pressure-by-corporate-mining-in-chubut-argentina/

    5) The glacier mining law 2010, a bill to ban mining and oil extraction around the country’s Andean glaciers, a move seen curtailing investment in the mineral-rich nation
    https://www.reuters.com/article/us-argentina-glaciers-factbox/factbox-argentine-legislation-that-targets-mining-idUSTRE67G46320100817

    There were issues with this law in Veladero San Juan province, close to which Newpeaks's Las Openas is said to be
    It is said to be reason why Chinese got (part of?) Barrick´s Veladero project
    https://dialogochino.net/en/extractive-industries/8935-argentina-at-a-crossroads-over-large-scale-metal-mining/


    Regards
    Nordic





 
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