'must be in state hands' - and what does that mean, precisely ... already last year, title - actual title stronger than fee simple here and cost-free, reg-free in perpetuity - was revoked and now resides with the state ... the old mining law was dead meat the day the oligarchs were voted out, no point in mourning it ... the new mining law took a little longer than the six months projected, well that's life down there, canuck bureaucrat gears don't work all that fast either ... the moratorium was stupid but politically necessary [and note that it didn't slow Dynasty down by much, they kept on building right through it]
Look at who Correa really is [hint - not a Chávez, though he knows how to sound like one at times, and who to sound like one in front of, that's politics] ... check out the history of oil extraction in that little Bananastan, pretty ugly, imagine you were a voter there ... ditto for historic mining in all LatAm, by all miners foreign or domestic, ugly ain't the word for it
Then look at all miners with projects in Ecuador ... which one sticks out as the very best potential model for an admin desiring to establish a modern clean efficient mining industry ... which one has locals of its area strongly on side, is well funded with quality team and projects in place ready to develop once it gets a reasonable exploitation agreement ... Zaruma is built and about to roll yes, but it's only the start
Maybe take a gander at Al the Sot's lifetime body of work as well - news.google.ca |
