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Morning Bubble, Dreamboatwarrior all...... Happy New Year.
This time next year Rodney......
Pinot
:0)
positive correlation between solGOLD and POG...
Good start to the year DBW...HNY to you also...
Thanks for all your helpful and eruditew contributions in 2022...
Eish agree
Merger out the way then get this puppy sold
DBW and Bubbles. Bodes well for us that both gold and silver are on a roll upwards in the New Year! Gold up $20 to $1840 and silver above $24/Oz! If this continues it can only be good for our Tier 1 deposit!
Let's get this merger done...... then?
Oh and HNY Red by the way
We’ll after shutting down for 3 years what did they think would happen?
Copper now forecast to be in surplus this year, as millions a day get COVID in China...
And you bubbles
This year could be the perfect storm for us
Funding sorted
Copper shortage looming
The Chinese are in town
Sangha and co in the wheelhouse
Bring it on
Morning solgers ,Happy new year , ONWARDS AND UPWARDS GLA
Great read some quality posts in early 2023.......
It beats the recent bickering here.....Keep up the good work all.
DBW excellent write up there many thanks for posting
If only you listened to me at 37p novice :)
Cont…
5. Mining is the fourth export product of Ecuador
Mining products are now the fourth export product and third product with respect to non-oil exports. This positively supports the trade balance and transforms resources into welfare and development for Ecuadorians.
6. The two industrial mines operating in Ecuador are among the fastest growing companies
With only 8% of the explored territory, world-class deposits have been found. The two industrial mines that are in operation (Fruta del Norte and Mirador) are among the 10 companies that contribute the most taxes to the country. They are also among the 20 fastest growing companies in 2021, the same is expected for 2022.
7. More economic growth is on the horizon
According to a study on the impact of the mining sector carried out by the Spurrier Group, we know that with only 12 advanced mining projects, exports would have a present value of $176,000 million until the end of their useful life in 2052, paving the way for a great project portfolio and consolidating the industry as one of the main engines of the national economy.
8. Industrial mining is committed to caring for water
Good water management is vital for legal and responsible mining. Its operations foresee the use of modern techniques, state-of-the-art technology and respect for current regulations. In the large-scale projects that Ecuador has, the water is recirculated, which ensures the rational consumption of the vital liquid and avoids waste; once treated and analyzed by an independent laboratory, it is guaranteed that it is returned in the same physical-chemical conditions as those in which it was collected.
https://www.eluniverso.com/patrocinado/la-mineria-a-gran-escala-uno-de-los-puntales-de-la-economia-ecuatoriana/
Also a photo or two from Solgold
Large-scale mining, one of the mainstays of the Ecuadorian economy
The Chamber of Mining of Ecuador represents this sector and promotes mining with principles, transparency and responsibility.
Important milestones in 2022
The Chamber of Mining of Ecuador represents this sector and promotes mining with principles, transparency and responsibility. It is an industry that generates taxes, royalties and employment by being actively involved with the communities.
1. Poverty was reduced thanks to industrial mining
Zamora Chinchipe is the province that most managed to reduce the percentage of poverty. It has managed to reduce the percentage of poverty in the span of two years, according to the latest data available from INEC. Poverty in that province fell 13 percentage points if you compare 2019 with 2021 and reached 30%. In other words, before, 43 out of every 100 inhabitants were poor and that figure increased to 30 out of every 100.
2. Industrial mining is the answer to unemployment
Until the third quarter of this year, the sector had 46,298 direct jobs, which in turn generated 138,894 indirect jobs, giving a total of 185,192 direct and indirect jobs that benefit Ecuadorian families. (Source: Ministry of Energy and Mines).
3. The contributions of industrial mining to Ecuador are also reflected in the taxes paid to the State
The industry's tax collection, between January and September 2022, amounted to $592 million. Fundamental income for the national treasury. (Source: Ministry of Energy and Mines).
Loma Larga prioritizes local labor from the area of ??direct influence of the project. Team of geologists working in the El Guayabo sector, in the Torata parish of the Santa Rosa canton. Reforestation Program "1M" in the Cascabel Concession. Monitoring of water sources for the Curipamba-El Domo project. Confectionery Las Dalias, a women's organization from the Victoria del Portete parish, manufactures artisanal chocolates filled with local products. The organization was promoted within the Dundee Precious Metals Social Progression programme. Photo: Lundin Gold Photo: Dundee Precious Metals
4. Mining is the fastest growing sector of the economy
From January to October 2022, $2,310 million in mining products were sold abroad. The amount represents a growth of 42.24% compared to the same period last year. In the same period of time, Ecuador exported 178,962 tons of gold concentrate and 507,250 tons of copper concentrate. (Source: Ministry of Energy and Mines).
Ecuador to launch security program for mining projects
MINING . COM Staff Writer | December 27, 2022 | 10:09 pm News Top Companies Latin America Copper
Ecuador to secure mining projects entering construction phase.
SolGold’s Cascabel copper-gold project in Ecuador, 180 km north of the capital Quito. (Image courtesy of SolGold.)
The Ecuadorian government is preparing a security program for mining assets.
Tweets to keep an eye on from this source -
https://mobile.twitter.com/embajadaecuchi
And to DG1Investor... great posts.
Nice note to end 2022 on and enter 2023. Have a good one all.
Great posts Bogota.
"“The mining sector in Ecuador is beginning to grow,” said Molestina. “It is going to be really attractive for Chinese companies to invest in after the agreement.”
Two of Ecuador’s largest copper mines, the San Carlos-Panantza and Mirador, are owned by the Chinese state-owned enterprise CRCC-Tongguan."
Looking really good for the Chinese and SOLG. Free trade deal could be game changer. Timings look no coincidence either.
US frets about ‘erosion of influence’ as China and Ecuador move closer to a free-trade deal
A free-trade deal with Ecuador would be China’s fourth with a Latin American country, after signing agreements with Chile, Costa Rica and Peru
The warming relations have fuelled calls in the United States to open trade talks with Ecuador to counter China’s growing influence in the region
As Ecuador and China move closer towards sealing a free-trade agreement, concern is mounting in Washington that the United States is losing influence in Latin America.
Ecuadorean President Guillermo Lasso said early in December that negotiations with China on a bilateral free-trade deal (FTA) were “practically closed”, some 10 months after talks started. The deal is expected to boost the value of Ecuadorean exports to China to US$1 billion, while offering Chinese firms access to an array of raw materials.
A FTA with Ecuador would be China’s fourth with a Latin American country, after signing deals with Chile, Costa Rica and Peru. In September, China agreed to restructure US$4.4 billion of debt owed by Ecuador, providing relief of $1 billion until 2025
Cheers Bubble & a Happy New Year to you pal !
I think the £1.32 may well have passed us by now - was a great dream for many a year and I’ve always admired your resolute position with SOLG ….all the best for 2023 we all deserve a decent result here & decent for me would be a result that puts a very big grin on all of our faces
ATB
DG1investor as always great read my friend looking good for next year here imho ,have a happy new year my friend see you next year!!