Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

Free
Message: Government backs mining-getting clearer

Government backs mining-getting clearer

posted on Oct 30, 2007 06:59AM
ARU Company Snapshot
BullBoards Member Forums My BullBoards
Jump to ARU Forum
SUBJECT: Taking the worry out! Posted By: raglo
Post Time: 10/30/2007 10:41
« Previous Message Next Message »

http://www.stockhouse.ca/news/news.a...
VANCOUVER, BRITISH COLUMBIA, Oct 30, 2007 (Marketwire via COMTEX News Network) --
Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) is pleased to announce that the Company's work program will resume on October 31st, 2007 with the return of work crews to the field to recommence the Company's exploration program. The drill rig was demobilized to Cuenca and will be re-mobilized with drilling to resume on or about November 15th, 2007.

This prompt resumption of work was a direct result of the meeting held this past weekend in the city of Guaranda with the Vice Minister of Government, the Governor of the Province of Bolivar and various politicians including the Regional Director for the Minister of Mines. Government officials held separate meetings with each group to inform them of the position of the President of the Republic and the Vice Minister regarding mining activities in Ecuador. At the meeting, the Vice Minister told each group that the policy of the President of the Republic and of the Minister of Governance is that all mining projects which comply with legal regulations and requirements will have total support of the Government. In the case of Salazar's Project, which has followed all applicable laws, the Government advised that they will give Salazar total support so that Salazar can execute on its ongoing exploration plans. All groups were instructed that they need to understand and abide by the position that the Government outlined. In future, the Government will not tolerate what transpired at Salazar's site and any such violations will be investigated and pursued with the authority and force of the law. There are no guarantees that other issues will not arise in the future, however the strong support of the various government authorities is clearly on the record. The Government stated that they will not allow this to happen again and assured Salazar that it will have full judicial authority on a move forward basis.

To quote President Correa's radio address to the country from this past weekend "Mining yes, but with proper controls, with appropriate consultation with the community, respecting the community, the environment and the State." President Correa indicated that if a company complies with these four points, mining will be welcome in Ecuador.

safeharbour

Share
New Message
Please login to post a reply