Dr. Jaime Arancibia Davila, Franklin Mining, Bolivia S.A.'s
General Manager, and
Franklin Mining, Inc. consultants William Petty
and Fernando Freudenthal, recently met with
Luis Alberto Echazú, Bolivia's Minister of Mining and Metals.
Franklin Mining, Inc.
(PINKSHEETS: FMNJ) CEO, Jaime Melgarejo, Jr., is pleased
to announce that -
During meetings in the Minister's La Paz office, Franklin
was assured that COMIBOL remains dedicated to their
joint-venture agreements for Cerro Rico de Potosi and Pulacayo
and was honored to learn that -
The Franklin Mining & COMIBOL joint-venture agreements signed
in 2006 are becoming the standard by which other foreign
owned mining companies will be expected to perform in
the future.
Franklin was also assured that planned increases in taxes paid
by foreign owned mining companies will not be designed to
have a serious negative impact on business operations or
profitability.
Despite Bolivia's evolving plans to gain more control over
their mineral wealth, Franklin has been assured that
COMIBOL intends to honor existing agreements.
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