For centuries Latin American mining has captivated international investors. Tales of Birú, a magical gold-laden land that we now know as Peru, were enough to convince Spanish conquistador Francisco Pizarro to lead a risky expedition against the Incas. In the short-term the mission was an outstanding success with Pizarro ransoming captured Inca emperor Atahualpa for 13,000 pounds (lbs) of gold and twice as much silver. In today’s prices that is almost $3billion worth of gold though the silver comes to a paltry £6million. In the following years waves of fresh investors scoured the region looking for similar pots of gold but often with less success. The mythical El Dorado, for example, first believed to be a king, then a kingdom, finally turned out to be […]
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