Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: E. Charters who wrote (58860)	4/20/2008 6:24:31 PM
From: Rocket Red	Read Replies (1) \| Respond to of 78424

The decree revokes hundreds of concessions and limits the amount any company can hold to three. Toronto-based Aurelian currently has 38 concessions in Ecuador. Mining companies will not be allowed to appeal the government's decision in courts and no compensation will be granted for expropriated holdings. Mr. Correa's leftist party, which aims to boost the country's share of mining revenues, controls the special assembly that is rewriting Ecuador's constitution. The assembly's head, Alberto Acosta, recently said he was concerned about the effects mining could have on the country's pristine environment. Mr. Acosta said on Friday he will also propose a ban on open-pit mining.