Member Info for Padmaster

Rules for successful share bashing.

Rule 27. Bait the Longs into personal debates putting their
focus/efforts on you and not the stock or facts. Divert their attention from facts.

https://www.expreso.ec/actualidad/leyes-ecuador-politica-publica-minera-LE2879148

Ecuador presents its new Public Mining Policy on June 4.

The Public Mining Policy is structured in six axes and is the result of joint work with several State institutions.

Government authorities will participate in the launch of the new Public Mining Policy , which will be held on Tuesday, June 4, 2019. The document will be officially presented by the Ministry of Energy and Non-Renewable Natural Resources .

The event will take place from 10:00, at the Shuar Cultural Interpretation Center , located in the rural parish Timbara, Zamora canton, in the province of Zamora Chinchipe.

Ministers of State, local authorities, representatives of companies and communities of the zones of influence of the mining projects of the Amazonian province will participate in the act .

The Public Mining Policy is structured in six axes and is the result of joint work with several State institutions, started in April 2018). According to the Government, its main objective is to promote responsible, legal and controlled mining in the country, which will guarantee sector planning 2019-2030.

In 2018, the exploitation of mines and quarries attracted foreign investment for $ 742 million. Since that year and until 2012, it is expected to have investments of 2.555 million in mining exploitation, according to reports from the Ministry of Energy and Renewable Resources.

Five major strategic mining projects are on the agenda, whose concessions are under execution: Mirador (copper), Fruta del Norte (gold), Río Blanco (gold and silver), Loma Larga (gold) and San Carlos (copper).

https://www.northernminer.com/people-in-mining/transcript-solgolds-nick-mather-on-receiving-tnms-mining-person-of-the-year-award/1003807045/

"Ø0So we’re taking the notion of social license to operate to a new level through an entire country. And people say to me, “Oh, where is your project?” I say, “Oh, it’s Ecuador.” And they say, “I know it’s in Ecuador but what is the project?” I say, “No, you didn’t hear me. It’s Ecuador.”

As we might expect lawyers will act on behalf of respondent parties.

Lawyers for the companies potentially affected together with lawyers from state mining company ENAMI (which has concessions in the area), the Ministry of Energy & Non-Renewable Natural Resources (MERNNR) and the Solicitor General’s Office are co-ordinating their intervention in the proceeding and are also enlisting the support of local communities that would be affected.

“The lawyers agree that the Court should deny the petition because these kinds of referendums are unconstitutional to decide matters that are the purview of the National Government, such as mining,” Cornerstone said.

https://resourceworld.com/solgold-cornerstone-release-ecuador-petition-update/

PS good riddance to the infestor Tttwwwaaattt

Agree Italian- let’s hope it’s sorted next week.

https://www.primicias.ec/noticias/economia/gremios-molestos-delincuentes-minera-legal/

An ex-policeman dismissed for bribery has put the mining industry in check in Ecuador and has provoked a strong reaction from the main union leaders of the country, who demand seriousness and legal security.

The unions have asked the Constitutional Court to establish clearly that it is the Central Government that has the exclusive competence over the exploitation of the country's natural resources and not the community leaders or the sectional governments

Yes xray. Let's get this resolved and we can all move on.

Regards
P

"It is not possible for a group of people engaged in illegal mining activity to call a popular consultation. We have to support formal mining, "said Patricio Alarcón, president of the CEE.

https://www.entornointeligente.com/sector-empresarial-pide-participar-en-discusin-de-pedido-de-consulta/

"It is not possible for a group of people engaged in illegal mining activity to call a popular consultation. We have to support formal mining, "said Patricio Alarcón, president of the CEE.

The formal mining activity that is currently taking place in the country will represent around US $ 10 billion in revenues until 2021, the CME reported.

Santiago Yépez, president of the CME, said that the companies that work on these projects comply with the regulations, but at the same time requested legal security to develop the projects.

The companies SolGold, Newcrest, BHP Billiton, Cornerstone, INV Metals, Codelco and Hancok Prospecting operate in Carchi and Imbabura. These firms are in charge of so-called second generation projects such as Llurimagua and Cascabel.

For his part, Pablo Zambrano, president of the CIP, announced that the sector will present an appeal of amicus curiae before the Constitutional Court, to intervene in the discussion of the new request for popular consultation.

Can anyone add to and update further this list?

This one really gets the infestors running for the tier 1 orebody containing hills :-

PEA confirms profitable mine achievable having 50+ year lifespan
Maiden resource over 1b tonnes - tip of the iceberg.
MRE 2.
Big system, rich core.
Blackrock significant investment.
15 fold increase potential - great upside in the investment proposition.
Tsx listing and main market listing.
Alpala drill results - further to come.
Alpala still open in several directions.
High grade core.
Further Aguinaga drilling to come.
Early stage Bhp takeover offer.
Likelihood of bidding war between majors.
A number of drill ready Cascabel targets.
15 Cascabel targets in total.
First mover advantage.
More than 20 billion tonnes of orebody over Cascabel.
Tier 1, world class discovery - only 4 others in last 10 years.
Biggest copper/gold discovery in last 20 years.
Copper demand to increase.
50% of shares not in circulation.
Funded for next year.
NM with 89 odd million shares.
Directors invested.
Mining companies invested.
Institutions invested and increasing.
Solg - a major in the making.
JORC already established in Rannes Australia.
JV partners likely for other Ecuador tenements.
Whole string of new discovery prospects in Ecuador.
Talented management team with industry recognition through prestigious awards.
State of the art geophysics.
World class porphyry expert Dr Steve Garwin advising.
Location, water, power ports etc.
Good relations with locals.
More than 70 tenements successfully bid for.
Significant rock chip samples at new tenements.
Ability alone to take it to a mine.
12 main targets within tenements now identified.

Ignore NM at your peril.

Warren Buffett once said that as an investor, it is wise to be “Fearful when others are greedy and greedy when others are fearful.”

Very true Qali.
We’ve seen this agenda driven infestor behaviour many times in the past.
The key is to trust one’s judgement based on the facts built up over many years.
The fundamentals have not changed. World class tier 1 discovery with potential to replicate many times.
Long and strong. GLA

Those who were spooked into selling are probably now regretting it.
The clamour to buy back in has started.

Thanks very much - another 41000 in the bag for me
GLA

20/1 share consolidation announced by Cornerstone

The fundamental issue is the involvement of local communities through informing, consulting, providing support and employment. Solg have proven high standards in these areas along with an excellent relationship with the government.

My view xray is that the Greens/Environmentalists will support the electrification of motor vehicles thus supporting the future massive demand for copper from such responsible miners as BHP/Newcrest who will use the environmentally friendlier block caving method at Cascabel having bought it for £1.50+ per share from Solg.
GLA

That is a subject that does not correspond to the mining sector to determine. We do not have to fall into any kind of political discourse in which they wash their hands and say: follow the right of repetition to other authorities. Ecuador is a country rich in minerals and that geology must be used responsibly. Where there are minerals there will be mining. Either we do it in a technical, controlled way, with the support of science, with high environmental care , high water care, or we are going to promote an illegal mining, in which the State does not participate, in which there is environmental degradation and no of consideration to the human being and nature.

- Precisely the problem is the water sources. The two Azuay projects are occupying water recharge zones. In Río Blanco there is already ecological damage: the Cruz Loma lagoon disappeared. Is it possible to develop responsible mining in such a fragile ecosystem?

- It is totally feasible, with modern mining, to carry out a mining activity that protects the right to water. As Ecuadorians we must encourage the mining industry to have high standards, which is highly controlled by the State.

- What the reports of the Comptroller's Office show is that there has not been state control. There is a lot of staff turnover between the State and the mining companies. You yourself come from the Enami Does not that pose a conflict of interest?

- The companies worldwide are going far beyond the control that the State proposes. Should Ecuadorian legislation be improved? Yes. Control must be improved. There must be better professionals to control the mining activity. But because there are not any, we are not going to stop participating in an activity that can generate a great economic impact for Ecuador. Everyone wants cell phones, computers, the Internet , the revolution of automation, but we do not want to exploit minerals.

- Everyone wants to drink clean water and it is not clear that it is possible with mining in water recharge zones.

- Again, it is entirely possible.

- What examples are there in the world?

- The Los Bronces project, in Chile. There are projects in Colombia, in Peru, in Australia, in much more complex areas.

- In areas of water recharge?

- That would have to consult.

- The problem is the water recharge zones. Are there examples of responsible mining in water recharge zones?

- They must exist. I do not know

- Why have the prior consultation processes been omitted regularly?

- In Río Blanco a judge has determined that the State has not executed the prior consultation process . It would be necessary to determine why, if there are ancestral communities in that area . To determine ancestral there must be ancestral possession of the land. Yes, I think there is ambiguity in the internal regulations to determine when a population is ancestral or not. I totally agree that the government has issued mining concessions without conducting prior consultations

Santiago Yépez: "Mining control must improve"
Interview with Santiago Yépez, president of the Mining Chamber of Ecuador.
ROBERTO AGUILAR / QUITO / MAY 29 2019 / 00:01
Santiago Yépez, president of the Mining Chamber of Ecuador.
Santiago Yépez, president of the Mining Chamber of Ecuador. (Ángelo Chamba / Expreso)
- The Giron consultation, in which it was decided to stop the mining activity in Kimsacocha, triggered the alarms in the mining sector. However, the Government has sent several reassuring messages to you. Do you feel supported?

- We feel now supported. We do not feel calm yet. What the president said in the message to the Nation has been quite clear: he has asked the Constitutional Court to be consistent and consistent. Regarding the popular consultation carried out in the canton of Girón, it is worth indicating that the Constitutional Court did not rule on the merits of the consultation, that is: if carrying out local popular consultations on issues of national interest, it is unconstitutional . We believe that communities should manifest themselves in the forms prescribed in the Constitution and the law, that is: when there are ancestral communities, through prior consultation ; and if not, in the processes of dissemination and social participation in the procedures for the approval of environmental licenses.

- What is your next step? Are you going to file an appeal with the Constitutional Court?

- On Monday, the Constitutional Court has heard of a new request for consultation in the provinces of Imbabura and Carchi, in the Lita area. They have 20 days to rule on whether the question is constitutional or not. In some way this may open up the possibility that the Court will finally determine that it is not possible to carry out local consultations on matters of national interest, especially if they are restrictive of the central Government .

- But the Constitution does empower local governments to make popular consultations.

- On subjects of its competence. Not in mining issues, which are restrictive competition from the central government.

- But what if they are raised as environmental issues? The care of páramos and water sources, which is how the query is being proposed in the Azuay, is it not a competence of the local governments?

- I disagree. In any case, if you are going to be the authorities of the province of Azuay who execute the decision in the referendum, they should also be the ones who, by right of repetition, have to cover those securities that have already invested in mining projects and those who will stop receiving Ecuador .

- Does this principle of repetition not apply to the government authorities that authorized mining concessions without complying with environmental standards, as determined by the Comptroller's reports for the case of Kimsacocha and others?

- That is a subject that does not correspond to the mining sector to determine. We do not have to fall into any kind of political

Lots of info on the new website.

http://www.solgold.com.au/sustainability/

OUR (Solgold) GOALS
Injury and incident free workplace

Equal opportunities for all employees

Proactive contribution to local communities

Understanding responsible mining

Rehabilitation and reforestation of land

OUR COMMUNITY
SolGold believes that strong community relations are fundamental to creating a safe, sustainable and successful operations. Since arriving in Ecuador in 2012 SolGold has always placed the highest importance in creating and maintaining open, respectful, proactive and productive relations with all the communities within which SolGold operates.

Hosting introductory meetings with communities within licence areas prior to the commencement of any exploration activities

Hosting regular consultation meetings to listen to and respond to concerns and to generate community-led ideas on how SolGold can actively help to overcome the specific local issues the communities have

Providing educational sessions on exploration and mining to help communities understand the processes and benefits

Implementing a diverse range of social initiatives

https://www.expreso.ec/actualidad/mineria-explotacion-controles-leyes-FJ2865373

Article 29th May. Interview with Santiago Yépez, president of the Mining Chamber of Ecuador.

The Giron consultation, in which it was decided to stop the mining activity in Kimsacocha, triggered the alarms in the mining sector. However, the Government has sent several reassuring messages ...........