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

The company whose shareholders were better than its management

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Message: Found this on page 18:

Found this on page 18:

posted on May 27, 2008 10:44AM

yeah, I know, but I can't stop reading.

Definición de Regalía Minera.-Pago al Estado por la
explotación de los recursos minerales. Se paga en base
al valor del mineral procesado.

Rangos de pago
-De 1 @ US $ 50 millones/año paga 3%
-Entre US $ 50 –100 millones paga 4%
-Mas de 100 millones paga 5%
** Los pequeños productores mineros y mineros
artesanales no pagan

probably doesn't need translation but just in case:

1 - 50 M $/year - 3%

50-100 M $/year - 4%

> 100 M $/year - 5%

This seems to be the royalty rate on gross revenue, but I can't find a specific reference. It just says, on the value of the processed mineral. I guess in our case it means 999 bars at market value.

ebear

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