Isaiah Group of Ecuador, owner of Zamora Gold Mining, has decided to settle in Peru to carry out gold exploration in the Cajamarca region, attracted by the significant mining development in the country.

The president of Zamora Gold, Paul Dicindio reported that the company has already requested the Ministry of Energy and Mines (MEM) requests by miners more than 20000 hectares, of which they have been awarded since 5000.

"We hope that in the coming days we will be able to adopt the remaining hectares to begin carrying out the respective assessments," said the agency Andina.

He pointed out that for explorations in Peru, the group has lodged a Peruvian company, but also is in talks with medium-sized mining to see the possibility of establishing strategic alliances.

Dicindio Isaiah said that the Group has long made the decision to settle in Peru, but recent measures taken by his government Apure his arrival to the country.

"The Constituent Assembly issued a mandate that has paralysed all mineral exploration in Ecuador, is a rather difficult situation. We believe that as a result of these measures, the State seeks to play a more important in business, even to the point of establishing some type of society, "he said.

In mid-April this year, the Ecuadorian government gave the mandate constituent No. 6, which stated extinction without any financial compensation of all mining concessions in the exploration phase have not made any investment in the development of the project at 31 December 2007.

The constitutional mandate also declaring expiration of the mining concessions that have not canceled the detente conservation, the extinction of the concessions granted to the interior of protected areas, forest protectors, and buffer zones.

In addition, he indicated that Ecuador has generated a great movement antiminero driven by non-governmental organisations (NGOs), and it looms a picture quite complicated in the near future.

Instead, he stressed that in Peru there are clear rules of the game and stable investment, where the Government is committed to supporting businesses, especially when there are conflicts miners by the population.

On that point, miners said that conflicts occur in all parts of the world, but "whether the Government was clear the mining scene, everything has solution," he said.

Dicindio stated that not only attracts the Cajamarca region, but also Arequipa, Cusco, Puno (Ancash) and also consider that in Tacna there are great opportunities for exploration.

With regard to investments that could be produced in the country, indicated that the Group Isaiah has no limit, as this will depend on the profiles of projects to be implemented.