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Message: The Latest from EMN

The Latest from EMN

posted on Sep 22, 2008 04:51PM

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Opinion: Ecuador Should End WFT Double-speak

By Silvia Santacruz
Ecuador Mining News


Washington D.C., September 22, 2008 — In the midst of congratulating the Ecuadorian government on its landmark decision to eliminate the proposed 70 percent windfall tax on mining profits, EMN received a letter – via e-mail— from none other than José Serrano. The Ecuadorian vice-minister of mines asked me to publish a correction to my article Clearer Horizon for Ecuador’s Mining Industry. His assertion: despite the accounts of several people at the Denver Gold Forum that MMP Acting Vice-Minister Xavier Cordova stated the government’s willingness to eliminate the WFT, EMN had been wrong in reporting this.

Sep 22, 2008 05:07PM
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