Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten
The company whose shareholders were better than its management
Message: Royalty Discussion...We're in the Final Phase
Organo sectional want royalties from mines |
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Quito Municipalities argue that 30% of royalties will be shared between them, councils and boards. The National Government, municipalities and provincial councils discussed the conditions for mining in the country. The discussion focused on the distribution of royalties. The association of Municipalities of Ecuador (AME) suggests that 70% of the profits should go to state, the remaining 30% will be divided with a scheme of 60% of the municipalities, 20% for the provincial councils and the other 20% parochial boards. Jose Serrano, undersecretary of Mines, explained that there were three recipients of royalties: local governments, funds for the promotion of mining activity and the environment. "These resources will only be handed over to authorities sectional, as long as there are projects based on the National Development Plan and which are articulated in the regional development plans," he said. The Government hopes the proposals for local agencies before it is sent to the mining law so that the process Montecristi Assembly. However, there is a proposal that causes discrepancy. The prefect of Azuay, Paul Carrasco, presented a plan for local governments that are responsible for granting mines. "If the park until Sigsig (canton of Azuay) concession is not known because the land use plans." Serrano, in turn, defended the role of the state on this issue. "Resources are publicly owned and belong to all Ecuadorians, and not just one region." The dialogue miner was on Wednesday and was the last of the Ministry of Mines and Petroleum with prefects of the provinces of Guayas, El Oro and Azuay, and mayors and councillors of municipalities as Zaruma, Nabón, Giron, Portovelo and other projects where they are located miners. The minister Galo Chiriboga said in a communique, the meeting concluded that with planned meetings to gather proposals to be incorporated into the draft Mining Law. He said that thus enters the final phase to process and prepare the draft law. The Minister reiterated the need to make a royalty to keep in mining happen what happened in the oil sector. Chiriboga said that now the government view is that mining generates development to the country and the localities where the projects are of such activity. Experience: Chilean Case Conference Gustavo Marambio, the Chilean Copper Commission, delivered the conference on royalties and taxes from mining, which indicated that his country companies pay a tax in stages until it reaches 5%, depending on the volume, which goes funds for regional development and generation of competitiveness. The tax or royalty can be set on production, sales or operational utility companies, he added. |
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