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To: elmatador who wrote (84026)12/2/2011 2:00:38 PM
From: average joe  Read Replies (1) | Respond to of 218344
 
Uruguay is the next frontier of Mining.

http://embassyofuruguay.ca/mining-in-uruguay.html

The next frontier…

The State is the sole owner of all deposits and it grants proper title to carry out mining operations at the different stages indistinctly to individuals and corporations, be they national or foreign. Once these licences are granted in favour of one person, all others are excluded. They include the following:

Prospection Licence , which allows the holder to carry out any and all work aimed at searching for one or more minerals in a given area. Exploration Licence, which confers the right to perform activities with the purpose of proving whether a deposit exists, identifying its characteristics, and determining the volume, quality and fineness of the mineral, as well as making the economic assessment. The holder of this Licence is allowed to set up a pilot plant, once he has applied for and been given the proper authorisation, and he can dispose of all the substances extracted in the quantities established in said authorisation. Concession to Exploit, qualifies the holder to exploit, in a given area, one or more mineral substances and dispose of the output from the deposit. In order to obtain this title, an environmental impact analysis must first be approved, according to the legal provisions in force since 1994.