Monday, October 19, 2009
Scoop: Cerro Rico de Potosi
The Cerro Rico mountain in Potosi, which financed the Spanish Crown for a couple hundred years while Spain pilfered and conquered two continents, is now being scooped away by a U.S.-based mining firm. And it's on the front pages of every newspaper in Bolivia. Dumb company=Bad PR. And another chance for Evo Morales to step in and expropriate a company and further raise his popularity.
The Empresa Manquiri, part of Coeur D'Alene Mines Corp. is scooping away the top of the hill, which Bolivians consider a national resource and the United Nations also has recognized as part of the world's cultural heritage. For more, see this story.