Turns out I found out the answer to my "why hasn't 'The Alchemist' been turned into a movie?" question?
Not that you can EVER really rely on Wikipedia but this blurb is believable:
In 2003, Warner Bros. bought the rights to the film adaptation of The Alchemist. The project stalled and the movie never materialized, reportedly because of problems with the script. At one point, the script had a battle sequence with 10,000 soldiers, which was "not what the book is about."
(courtesy of http://en.wikipedia.org/wiki/The_Alchemist_(novel)
During the 2008 Cannes Film Festival, Harvey Weinstein announced that he had bought the rights to the film and will serve as its producer. Laurence Fishburne is set to direct, and to play the eponymous character. It will have a reported budget of $60 million. Weinstein, who rarely personally produces movies, stated that "My loyalty is not to Laurence [Fishburne], my loyalty is not to me, my loyalty is not to anyone other than Paulo Coelho."Coelho added "I am very happy that my book will be filmed in the way I intended it to be and I hope the spirit and simplicity of my work will be preserved. I am excited my friend Laurence Fishburne and Harvey Weinstein will be working together."
A theatrical adaptation of The Alchemist has been produced and performed by the Cornish Theatre Collective, which is their most successful production to date.
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