OT) Who knows what they own from what's in their PRs? They could well be drilling on their own claims, but making estimates based on projections into adjoining lands.
As to the legal questions, what AQI wants is unimportant. Newmont has back-in rights, and it's Newmont's game to play, if they wish. Should they enter the picture with their legal team, it will be notice to the markets IMA does indeed have a serious problem. AQI can't do it alone. If they try, it will be a loud proclamation that Newmont feels there is no case to pursue.
But why would Newmont bother considering what may be a far more important part of this story.
"Argentinean daily El Oeste reported today that Chubut authorities have banned the use of cyanide and open pit mining in the province." "El Oeste reported that the new regulations were published on Thursday in Government Gazette number 5001. The law was apparently approved by authorities on April 25." Per Tim Wood at MineWeb.com, m1.mny.co.za
Some offer that the law, although a measure of provincial jurisdiction, does not apply to the whole of the province, leaving Navidad unencumbered. Has anyone offered a copy of what appeared in the gazette to support that view?
There is also argument that the officially gazetted law has been repealed or modified. If so, the change must be concurrent with another notice in the Official Gazette. Where is it?
I've searched, made inquiries and asked for help, but found no more than the above from MineWeb (which actually quotes a Spanish language newspaper). I've even tried searching law in Chubut and Argentina, but I don't speak Spanish and can't find English translation Web sites (as have some other Latin countries). Can anyone here show that the open-pit mining ban does not apply to IMA and it's optionees in Chubut? |
