IncaKolaNews: Ira Rennert Buys Twobreakfasts a Present

[magbana]

go to URL at the bottom to pick up the links from the website.

6/24/09
Ira Rennert buys Twobreakfasts a present

The thought of caving in to his own people must be far too much to bear, so Twobreakfasts has decided to drop his trousers and prostrate himself at the altar of gringo capitalism....again. Rather than do what any prez with cojones would do, i.e. kick the scamster Rennert out of the country and seize his assets until he comes up with the cash Ira's siphoned from Doe Run Peru (DRP) all these years, Twobreakfasts is going to give Ira and his messy pals yet another extension to the timeline for cleaning up DRP at La Oroya (one of the ten most polluted places on earth according to the Blackstone Institute). Ira won't give a damn about the new deadline either...he just wants the money. Here Reuters;

Peru says may give Doe Run more time for clean up

LIMA, June 23 (Reuters) - Peru's government said on Tuesday it may give troubled Doe Run Peru more time to complete an environmental clean up of its La Oroya smelter as it tries to persuade the company to meet the terms of a financial bailout plan.

Banks canceled the company's credit lines about four months ago after metals prices fell. In April, a group of mining companies that sell concentrates to Doe Run Peru agreed to give it a $175 million credit line if its parent company, U.S.-based Renco Group, met two conditions.

The stipulations were that Renco had to fill a $156 million financial shortfall in its Peruvian unit and pledge its shares to the Peruvian government as a way of promising that its unit would finish an environmental cleanup project at one of the world's most polluted sites.

So far, the conditions haven't been met.
"The government has said that we could evaluate the environmental issue, which appears reasonable, but we won't extend it for five years or three years, we will reach for something more adequate," Labor Minister Jorge Villasante said on yada yada continues here

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Labels: doe run, ira rennert, la oroya, peru
http://incakolanews.blogspot.com/2009/06/ira-rennert-buys-twobreakfasts-present.html

[Peace Patriot]

1. Presidential election in Peru not until 2011, if I recall correctly. How would we feel

if we had 2 more years of Bush to endure? How did we feel when we had two more years of Bush to endure--in 2006, or before--4 years, 6 years, oh God? Terrible! The poor Peruvians! Two more years of looting, plunder, corruption and shooting protesters. Peru will be a basket case. Luckily, all around it are leftist (majorityist) governments and far-sighted leaders who will help Peru recover. Peru does not need U.S. and other global corporate predators to achieve prosperity, and the dreadful U.S./Peru "free trade" deal is designed to prevent most Peruvians from ever seeing any benefit, while they are stripped of their resources, wealth and independence. They need to throw the corporate predators out, or bring them to heel, as good leaders are doing in other South American countries such as Bolivia, Venezuela and Ecuador. That is the future. That is the path to social justice, prosperity and a good society.