Recent news of a coup attempt on Ecuador President Rafael Correa has raised many eyebrows about the stability of the Latin American country. While Ecuador has been vocal about raising taxes on natural resource companies, even threatening to take over and nationalize companies not willing to operate under the regulations, the wealth generated by these industries is keeping the country afloat.
Articles Tagged "natural resources"
Nortec Minerals reports its submission of a business proposal to a newly formed National Mining Corporation (ENAMI) on June 8, 2010. This business proposal was developed after well-received presentation meetings with the President of Ecuador and his cabinet on March 25, 2010, with the Minister of Non-renewable Natural Resources along with the Vice-minister for Non-renewable Natural Resources, General [...]
For years while the equities market was hot, many investors stayed away from gold, thinking it a poor investment. However, given recent events, including a weakening dollar and the potential for stimulus/bailout induced inflation, many of those investors are now looking to gold as a long term safe haven. In response, for 2009 The MoneyShow [...]