Salazar - Explorer mit Geduld
"We are now waiting
on the law to go into effect when it is published in the country's official
register."
muss sich nur noch präsident correa beeilen ;)
aber bei dem weiß man nie, was einem erwartet.
quelle: http://www.stockhouse.com/Bullboards/...26002630&l=0&r=0&s=SRL&t=LIST
Kinross Gold Corp. has acknowledged that on Jan. 29, 2009, the new Ecuadorean mining law was published in the Ecuadorean government's official registry and has now taken effect.
Based on Kinross's understanding, some key provisions of the law include the following, all of which are consistent with the company's expectations:
* No limits imposed on the number of concessions that can be held by a concessionaire;
* Concessions are limited to a term of 25 years but are renewable;
* A royalty of not less than 5 per cent on sales;
* Establishes clear timelines for project exploration and development.
"We believe that the new mining law provides a solid foundation and framework for the growth of a responsible mining industry in Ecuador," said president and chief executive officer, Tye Burt.
"This is a significant milestone for the country and the industry. However, we recognize that much work remains to be done in developing the regulations and finalizing terms and conditions of mining operations," Mr. Burt said. "As we have in the past, we will work co-operatively with the government and local communities to advance development of our Fruta del Norte deposit in a way that benefits all parties."