Member Info for Dreamboatwarrior

Mockingbird

Conversely I’m delighted I won’t be around for another 50 years ….. though I’m probably younger than a few here .

Morning Bozi

No idea if Irwin is right but he’s invested so I guess his opinion is relevant ( unlike some on here recently) plus he’s hardly likely to talk the stock down …… it’s just a waiting game now

I was told a month ago the revamped website would be ready in a couple of days . One theory is that they were expecting to announce something alongside its launch but who knows?

For those of you not interested in WI please feel free to ignore this

https://twitter.com/itswarrenirwin/status/1692312091766735143?s=46&t=XX3-iZapJ1HaXMFlnE7nKQ

Whilst the political situation is beyond our control, we appear to be doing what we can to ensure the local community continues to benefit from the Cascabel project ….

“For its part, SolGold, the company responsible for the Cascabel gold and copper project, is also promoting programs that have generated a positive impact in the parishes of Lita and La Carolina in the Ibarra canton, Imbabura province.

In terms of health, it works in coordination with local governments through cooperation agreements with which improvements were made to the infrastructure of medical centers and the homes of resident doctors.

Also read: Mining in Ecuador: Companies ratify their commitment to boost the economy in areas of influence

Medical supplies are also delivered and collaboration with the mobilization of health brigades so that their services reach priority groups. In 2022, 7,016 services were provided with this project.

Likewise, it opened three computer centers in the communities of Getzemaní, Santa Cecilia and Parambas, where more than 300 families access these interactive consultation and navigation spaces.

In parallel, SolGold develops the Café Cascabel project with which it seeks to implement 110 hectares of this product. In 2021, the delivery of plants to producers began and to date 74 hectares have been planted, benefiting 79 farmers from Lita, La Carolina, Jijón and Camaño in Carchi.

As part of this plan, economic incentives, fertilizers, phytosanitary kits were granted, and a team of agronomists and agricultural promoters was formed to provide technical support to producers.

During 2022, SolGold's investment in its social programs amounted to more than 1.6 million dollars.

Another mining company that seeks to diversify agricultural production and generate new business opportunities for communities is the mining company La Plata de Atico Mining Corporation. Its Sembrando Futuro project promotes agriculture in the Palo Quemado parish of the Sigchos canton, Cotopaxi province.

The La Plata Operations Manager, Fabricio López, indicates that the initiative contemplates the progressive planting of seven hectares of non-traditional products from the area; the formation and strengthening of the agricultural production association Tierra Unida; the generation of transfer processes of good agricultural practices; and training for the producers of the parish.

For the execution of the project, more than 42,000 dollars were invested, among the actions carried out were the construction of infrastructure; planting and care of agricultural products such as that of more than 15,000 sweet potato plants. Soon, about one more hectare will be planted”

https://www.vistazo.com/amp/enfoque/proyectos-mineros-impulsar-desarrollo-comunitario-CL5782224

BBG….. feels like we are waiting for one component to fall into place here ….. a license, the IPA, …. Who knows??

Wonder if the interminable delay on the website is somehow related.

Hopefully we’ll move from a position of joining the dots to being fully in the picture at some point

ATB

Hi Pad

To be honest I can’t even read it , just got the gist from some of the replies ….. sad individual

Lol look what a dangerous place Ecuador is

Murder rate 25th in the world ….. way less than both South Africa & Brazil ….. so I guess mining impossible in these places too?

Only slightly worse than the USA too ….. no wonder no major companies would consider investing there either … oh no wait

https://wisevoter.com/country-rankings/murder-rate-by-country/#murder-rates-by-country

The most interesting thing about the article for me was its original format …… traditional Chinese

https://m.in-en.com/finance/html/energy-2257456.shtml

Cont ……

Despite technological advances and improved conservation, oil development in Yasuni still has an impact on the environment and threatens the lives of residents, including those who voluntarily stay away from the town, said Pei from environmental group Yasunidos. Pedro Bermeo said the group had been pushing for a referendum for 10 years.

"They told us there would be no roads, no power plants, no open fires, but now the impact is huge," Bermeo said.

Although no specific time frame was given, Yazunidos said an eventual complete shutdown of the ITT block could avoid 400 tonnes of carbon dioxide emissions.

Petroecuador claims that there are no open flames burning in the area, and that it covers only 0.01% of the protected area's 1 million hectares (2.5 million acres), the roads are environmentally friendly.

**The halt to mining will affect $1 billion in investment over the next two years, although a major project at SolGold in Australia is moving forward, according to the Ecuadorian Mining Association.**

Mining was Ecuador's fourth-biggest export earner last year, with exports worth $2.8 billion, after oil, bananas and shrimp.

"It would be immoral to terminate an industry that creates many opportunities because of unwarranted fears," said Maria Eulalia Silva, president of the Ecuador Mining Association. Potential to stop animal trafficking, illegal mining or logging.

But residents say mining threatens high-altitude wetlands, water and animals such as spectacled bears.

"Mining creates water pollution, extraction and destruction of the soil," said Morelia Fuentes, a resident of a small farming community in the forest. "We are fighting for a healthy life."

In August, Ecuadorians will have to choose between indigenous peoples and the environment and billions of dollars in economic revenue, with two referendums set to determine the fate of oil and mining projects in key parts of the country, Mining.com reported, citing Reuters.

The South American country would lose 480,000 barrels a day of oil production if it voted to halt oil and gas production at Block 43-ITT in the Amazon region's Yasuni Nature Reserve, while the Quito local referendum would end Mining in the forest area of ​​Choco Andino, involving 6 gold tenements.

Environmentalists and communities near the site say a ban on mining is necessary to protect nature and combat climate change. As far as the Yasuni vote is concerned, it can protect some of the Waorani indigenous people who like to be clean.

But those in the oil and mining industry say Ecuador's struggling economy needs the industry's support, which could lead to illegal mining and deforestation.

Outgoing President Guillermo Lasso called early elections after Congress tried to oust him, but the country failed to boost oil production and attract more as violence and social problems worsened. Multiple mining investments.

If both referendums pass, his successor will face a complicated financial situation.

"We want to keep the territory safe and healthy. They promised health and education from oil extraction, but we haven't seen anything, there is no development here," Ene Nenquimo, indigenous Waorani leader said in an interview with Reuters. "Government sees only trees from their desks... but we live here".

According to Ecuador's Environment Ministry, the Yasuní region has 650 tree species per hectare (2.5 acres), more than in the entirety of North America, as well as hundreds of species of birds, mammals, reptiles and birds.

Voters appear to be leaning toward yes in both referendums, according to surveys of clients by Santiago Pérez, head of pollster Clima Social.

"I think as people get more information and learn more about Yasuni and Gioco Antino, they tend to vote yes," he said.

Ecuador's national oil company, Petroecuador, said the Yasuní referendum would cost the country $13.8 billion in lost revenue over the next 20 years.

The company’s director, Ramon Correa, told reporters in mid-July that a maximum of 39 wells per platform were deployed in the ITT block to minimize land footprint.

"This park has been protected to the maximum extent possible," Correa said.

The other two blocks in the area are not affected by the referendum result.

Former President Rafael Correa had to approve the development of the ITT field after efforts to raise funds from the international community in exchange for a ban on development failed.

Copperpot

Funnn you should say that. I asked the other day re the possibility that the name was being changed and was told no it’s just more of a revamp .

I’m not buying that ….. it doesn’t take this long to simply spruce up an existing site .

Hi Add good points well made .

One wonders if the interminable delay with the website is due to a holdup with any such announcement

Jezz

As Scott explained ( to anyone that could be bothered to listen) was that we could still access the main ore body, as it would provide an undercut, at a later date whilst still accessing copper (1.4%) in the meantime…. Massively reducing upfront capital expenditure

He obviously said that we can still do this ourselves but can’t believe for one second that’s his intention.

There’s no way he’s in Ecuador for the long haul, he’s there to get a deal done.

Either way this is way undervalued

ATB DBW

Interesting to see Scott doing the presentation at Diggers and Dealers…. Was expecting Liam Twigger

Main takeaway was that there are plenty of parties interested in both Cascabel ( he did use the expression “strategic partners) and outside tenements but no one has made a move yet

“A lot of tyre kicking”

A package of licenses (4) being worked on

First Ore at Cascabel requires no shaft just access declines

(Maybe someone with more technical knowledge could explain the difference)

Re the outside licenses all of our focus is in the north currently with a crew out currently working on the recently acquired Cornerstone licenses ( guessing far harder to operate in the south) but no drilling at present.

Mention of potential “farm in on a couple of these tenements.

Apparently re M&A action it’s clear copper is the place to be

Much of the same old stuff but Scott came across well and overall I thought it was positive

Isn’t the diggers and dealers presentation today?

Hi DM sorry just picked up your earlier message….. try and avoid this place mostly at weekends.

Re the website….. yeah not exactly fast and smart is it.

My hope is that it was intended to coincide with some form of news release ….. anyway we’ll get there eventually, the only question for me is whether it’s a fill sale or just sell Cascabel and spin off the other licenses….. preferably the latter but almost don’t care which now

ATB

Tune out for the weekend guys …. Getting closer

Ha ha ….. Sean

Nail on the head

The worlds gone woke mad

they’ve even come for freshers week!!

Other universities are attempting to move away from freshers’ stereotypes such as back-to-back drunken nights out and daring initiation ceremonies, to instead offer far more sensible activities.

At the University of Stirling’s first welcome week in September, undergraduates are being invited to take part in pizza and board game nights, rock and roll bingo, gardening sessions and a sober ceilidh.

The student union has also organised a trip to Ikea, a Sunday roast, a vintage fair and a plant sale, while students will get the chance to meet alpacas on campus.

A spokesman said: “Our activity is being presented as welcome week as we feel the title more adequately reflects what students are looking for during their first few days and weeks. Inclusivity is a large part of what we hope to provide with activities aimed at getting students together in relaxed social settings.”

Meanwhile, Edinburgh Napier University is offering puppy yoga and painting picnics

Cont …..

Another benefit that the company achieved during the negotiation was to pay an Income Tax rate of 20%. Before the agreement, the rate was going to be 25%. The next steps With the agreement of the exploitation terms signed, the next step will be to sign an exploitation contract. That is expected to happen in a couple of months, SolGold president Scott Caldwell said. But for Ecuador's largest copper mine to go into production, SolGold must first have the environmental license granted by the environment ministry, after carrying out an environmental consultation in the communities living in the project area. Also read: Investments for USD 392 million for two mines are delayed This consultation should be carried out in the Lita and La Carolina parishes, in the Ibarra canton, which is where the concession is. Caldwell explained that there is still no scheduled date to start this process. In Cascabel, it will not be necessary to carry out a prior, free and informed consultation in the communities -a mechanism provided in the Constitution for activities of extraction of non-renewable natural resources-, because there are no indigenous or ancestral communities in the area, Caldwell said. However, the president of SolGold assures that, due to the magnitude of this project in Ibarra, the most important thing has been to start, from now on, the processes of rapprochement and connection with the communities in advance of the construction of the mine. Uncertainty in the mining sector Caldwell says that the political uncertainty ahead of the anticipated presidential elections, as well as the problems of illegal mining, have not discouraged the company from continuing with its investments in Cascabel. "Regardless of the party that governs, I believe that we will be able to continue with the project. Ecuador has not stopped being attractive for investments." Scott Caldwell And added that "the company has around 90 concessions in the country, but now we are focused mainly on Cascabel." However, the company also secured a mechanism to protect its investments. In the agreement signed with the State, the company managed to establish a "mechanism to correct any economic imbalance for the mining concessionaire", resulting from changes in taxes, laws and regulations in force when the parties signed the agreement. "The provision removes a significant amount of uncertainty about the economic regime that will govern the project in the future," SolGold reported. In addition, the agreement establishes other investor protection rights, such as a dispute resolution mechanism through international arbitration.

To make use of this content, cite the source and link to the original article in Primicias.ec: https://www.primicias.ec/noticias/economia/mineria-solgold-cascabel-contrato-arbitraje/