Mining in the Muri Mountains
Like every other serious investment venture in recent times, the PGGS (Permission for Geophysical and Geological Surveys) granted to Muri Brasil Ventures Inc in November last year has come under serious questioning and has given rise to suspicion and innuendo.
Little public information has ever been given to the issue of a PGGS before. Even after the massive failure of public relations over the Amaila Hydropower Project, the government’s continued to display reticence on investment matters. This continues to generate controversy and harm its reputation and that of its ministers. Normal clauses and concessions which are in every PGGS, occasioned in this case a wave of suspicion because they were brought to public attention in a negative light, in a politically charged manner.
Most of the questions have now been answered but three serious issues of national consequence remain. These are national security, the environment and exploration. Whatever happens to this …..To continue reading, login or subscribe now.