Wednesday, February 17, 2010

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missing link between the Falklands and the miners

Critique of Argentina stock discovered the link between companies looking for oil in the islands and extracting minerals in the mountains (17 / 2)

platform Ocean British Guardian on Friday to reach the waters surrounding the Falkland Islands, wrapped in a swirl of diplomatic and warnings crossings court. A few days later, start drilling for oil, hired by three companies: Falkland Oil & Gas, Desire Petroleum and Rockhopper. A fourth concession company also has another area to explore in the area, but has not yet determined when it will do: it is Borders & Southern Petroleum. Through a review of the shareholding of four firms, Critique of Argentina found that companies have strong interests in Argentina. Yesterday, a government source admitted that such information could be used for economic sanctions.

Two of the four firms, Desire Petroleum, Borders & Southern Petroleum's shareholders, Barclays bank, designated by Amado Boudou to reopen the debt exchange, which, in turn, is part of a major companies operating in the country, Minera Alumbrera. This is the tenth company in the ranking of exporters in 2009 and its main reservoir is in Catamarca. Another

-Falkland Oil & Gas, is behind the world's largest miner, BHP Billiton of Australia, which in turn are looking for copper and gold since 2008 in 40 thousand hectares in Salta. The left-Rockhopper Exploration, German capital, is advised by a bank with strong presence in our country, such as HSBC.

Suspected In addition, it is likely that some of them may have other investors are not visible. The website of Desire Petroleum, for example, said that the company has just six employees. "The small amount of technical resources suggests that may be behind these companies Shell and British Petroleum, which made his investigations in that same sea in 1998, "said Mario Cafiero. Former Congressman's Office filed criminal charges against a few days ago, Finance Minister for having appointed the British bank Barclays Bank PLC as global coordinator for the reopening of the debt. The financial institution is the main shareholder of Desire Petroleum and has a share of BlackRock, the second capital of Xstrata, which operates Minera Alumbrera in Catamarca, and a controlling company of Borders & Southerns, other dealerships who obtained a permit government's kelpers.

The Argentine government for more than two years trying to interfere with and discourage oil exploration the islands. In 2007, through a resolution, adjourned the Argentine-British Joint Declaration of 1995 and, thus, left open the door to punish with fines on companies that seek black gold in the islands and, in turn, operating in the country. An employee told this newspaper that is being considered under law to advance this idea. Yesterday, for now, progress was made in the articulation of a legal support for such purposes. May have been the first step. Aníbal Fernández said that it was decreed that any ship or vessel you want to travel between ports on the Argentine mainland and other islands Malvinas Sandwich South, or Argentine waters through to that destination or load goods from these ports, you must request prior authorization from the government.

The Casa Rosada know it's difficult confrontation with the United Kingdom over the Malvinas Islands issue generated criticism in the opposition (and if they arise, know that they will be welcomed by the public). Also, you can not sit still and allow other political forces to make this issue a flag of its own (often tested, for several weeks, strong positions). Need to sustain the battle to back up its claim of sovereignty in international fora. And Finally, no doubt, even if he is unspeakable, "that if oil appears virtually impossible that someday stop calling islands on maps from the world Falklands. Optimists believe that in the depths of the sea surrounding the islands can hide 60 billion barrels of high quality oil. It's a lot: the proven reserves in Argentina are about 2,600 billion barrels. The first explorations in the north of that sea were in 1998. Were made by a group of big oil, including Shell, which made six holes. In those days, the investment will unworkable. Since 2000, four companies waiting for the right time to make a second attempt.

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