Silver prices declined further this week and some firms adjusted their outlook for the metal.
Articles Tagged "South American Silver"
South American Silver (TSX:SAC) provided an update on the dispute between the Company's wholly-owned subsidiary South American Silver Limited and the Plurinational State of Bolivia, where the Government of Bolivia revoked all mining concessions of Compañia Minera Malku Khota S.A. (CMMK), a wholly owned subsidiary of South American Silver, which is a protected investor under the Bilateral Investment Treaty between the United Kingdom and Bolivia. The acts and omissions of the Bolivian Government are in violation of the UK-Bolivia Treaty and of international law.
Mining Weekly reported that South American Silver notified the Bolivan government about an investment dispute, when its subsidiaries lost mining concessions.
South American Silver (TSX:SAC) denies all accusations by the Bolivian Government and continues to vigorously exercise all of its rights, including through international arbitration, to obtain full compensation and the fair market value of the Malku Khota project.
South American Silver Corp. (TSX:SAC) reports its plan of action after receiving official notice of a Nationalization Decree of its Malku Khota silver-indium project in Bolivia.
The Globe and Mail reported that Bolivia has seized and nationalized the assets of South American Silver Corp (TSX:SAC) under the accusation that the Vancouver-based miner was responsible for the violent conflict between two communities surrounding its Malku Khota project.
South American Silver Corp. (TSX:SAC) today reported that Bolivian government authorities continue in their efforts to restore peace and order to the Malku Khota region in the face of acts of aggression against law-abiding local indigenous communities, police, the company's employees and its local contractors.