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Message: Ecuador Declares Void 587 Mining ConcessionsDow Jones Newswires

Ecuador Declares Void 587 Mining ConcessionsDow Jones Newswires

posted on Jan 25, 2008 06:09AM
Ecuador has decided to declare void 587 mining concessions, Energy and Mines Minister Galo Chiriboga said Friday.

At a press conference, Chiriboga said that the concessions cover 536,387 hectares.

"Those areas will return to the state. This is not an action against mining activity or private companies. This is an action against the bad administrative practices in the mining sector. Both the companies and the state must respect the law," Chiriboga said.

The affected companies have been notified of the decision, he said.

if those company notifide why we are worring buy more hahaahaaa

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