Mining Companies Fret Over Bolivia Plan
TORONTO (AP) Ñ Bolivia’s plan to nationalize its natural gas industry and exert greater state control over all of its natural resources has North American mining companies fretting over their future prospects extracting the nation’s rich resources of gold, silver and tin.
The chairman of one of the world’s largest gold producers told his shareholders he would now “put my buck” on exploration in Pakistan, rather than the South American countries throwing up more roadblocks to foreign investors.
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