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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (58849)	4/20/2008 4:48:16 PM
From: E. Charters	Read Replies (2) \| Respond to of 78423

It's all in English, no need to quibble. The question: Is ARU according to article 18 under clause C of this part of the act? I would say they are approaching that, but are not exactly at that stage at present. I would say B. mineriaecuador.com The suspension for 6 months may relate to article 104 and the term of it, being 6 months of non compliance where non payment is not appealable and termination is peremptory. In other words it may be an attempt to get weak hands to not pay for concessions they may not keep -or- not pay because they believe they don't have to in case of suspension as would otherwise be normal. i.e. an attempt to force vacation. ****************************************** Art. 18.- Phases of Mining Activity.- For the purpose of applying this Law, the phases of mining activity are classified as: a) Prospecting, which consists of the search for signs of new mineralized areas; b) Exploration, which consists of determining the size and form of the deposit, as well as the content and quality of the mineral present in it. Exploration also includes the economic evaluation of the deposit. c) Exploitation, which comprises the group of operations, works and mining labor devoted to the preparation and development of the deposit and the extraction and transport of the minerals; d) Beneficiation, which consists of the processing of the exploited minerals to increase their useful content or metal percentage; e) Smelting, which comprises the technical procedures designed to separate the metals from the corresponding minerals or concentrates produced in the beneficiation stage; f) Refining, which consists of the technical procedures designed to convert the metallic products to metals of high purity; and g) Trading, which consists of the buying and selling of minerals or the celebration of other contracts whose object is the negotiation of any product resulting from mining activity. **************************************