The Government takes the discussion of its mining project in Machala
posted on
May 06, 2008 05:20AM
The Government takes the discussion of its mining project in Machala
The working sessions with the mining sector continued to refine the new law. The president Rafael Correa is meeting today with workers.
Business Editors
The dialogue mining continues today in Machala. Representatives of the Ministry of Mines will meet with industry representatives to hear and discuss a proposal for the new mining law.
Meanwhile, in Quito, the president of the Republic, Rafael Correa, receive sector workers. The workers will meet starting at 09:00 in Independence Square.
The Ministry of Mines has a term of six months to develop the new standard. So what sets the mandate approved by the Assembly, through which the concessions are reversed, in some cases, and suspending work in others.
Correa in his report on Saturday said earlier that the Government wants to "begin a new stage mining with clear rules", in which the state has participation and respect for the environment.
The Government's intention is to have the law before this deadline, and therefore have scheduled 12 meetings of dialogue miners this month.
The talks aim to boost a law agreed with the sectors involved: miners, communities, environmentalists and governments sectional. This was reported by the minister, Galo Chiriboga.
The Chamber of Mines hopes that is true. El titular de ese organismo, The owner of that body, Cesar Espino, noted that participate in dialogues to make its position known and details of the proposed new law.
For example, spina anticipated that they agree with the executive branch has a share of royalties, "between 2 and 5%."
That is the percentage contained in the draft law prepared by the Ministry.
In the first encounter which took place last week, discussed the pattern of distribution of royalties, but also need to define if applied on gross sales or net profits, said Dominic Channer, representative of Aurelian, a company that had 39 mining concessions .
"It's a reasonable dialogue. Esperamos que se We hope that A law adopted by consensus. "
In parallel enlists the regulation mandate to define what activities can be maintained, despite the suspension.