Aurelian Resources Inc. NEWS - eure Meinung?

Corriente welcomes Ecuador government's mining plans

2008-04-25 07:10 ET - News Release

Mr. Kenneth Shannon reports

CORRIENTE AND OTHER MINING COMPANIES MEET WITH PRESIDENT CORREA AND TOP OFFICIALS: CORREA SAYS RESPONSIBLE MINING WILL GO AHEAD IN ECUADOR

Corriente Resources Inc. and seven other mining companies (Aurelian Resources, Cornerstone Capital Resources, Dynasty Metals & Mining, Ecometals Ltd., Iamgold, International Minerals Corp. and Salazar Resources) collectively met with president Correa and other top officials yesterday afternoon in Quito to discuss the future of mining in Ecuador and the impact of the previously announced mining mandate.

The companies welcomed president Correa's repeated statements that responsible mining will go ahead in Ecuador. He said that the purpose of the mining mandate was to allow the government to get its house in order and new mining laws in place so that responsible mining can proceed. The president invited the mining companies to meet with the ministry (of mines and petroleum) to help formulate the new mining laws, starting this coming Monday, April 28.  

 

Aurelian and Other Mining Companies Meet With President Correa and Top Officials; Correa Says Responsible Mining Will Go Ahead in Ecuador
08:31 EDT Friday, April 25, 2008


TORONTO, ONTARIO--(Marketwire - April 25, 2008) - Aurelian Resources Inc. (TSX:ARU), today announced that the company and seven other mining companies (Cornerstone Capital Resources, Corriente Resources, Dynasty Metals & Mining, Ecometals Limited, IAMGOLD, International Minerals and Salazar Resources) collectively met with President Correa and other top officials yesterday afternoon in Quito to discuss the future of mining in Ecuador and the impact of the previously announced Mining Mandate.

The companies welcomed President Correa's repeated statements that responsible mining will go ahead in Ecuador. He said that the purpose of the Mining Mandate was to allow the government time to draft and implement a new mining law so that responsible mining can proceed. The President invited the mining companies to meet with the ministry to help formulate the new mining law starting this coming Monday, April 28.

Present from the government were President Rafael Correa; Dr. Galo Chiriboga, Minister of Mines and Petroleum; Dr. Jose Serrano, Deputy Secretary of Mines; Dr. Agustin Paladines, Mining Advisor to the President; Fernando Alvarado, Advisor to the President; Ricardo Patino, Minister of Politics; and Dr. Ramon Torres, Business Advisor to the President. The Canadian Ambassador to Ecuador, Christian LaPointe, accompanied the companies and presented concerns of the Canadian government for a fair, stable and long-term investment environment in Ecuador.

Aurelian continues to seek clarity from the government regarding the Mining Mandate's specific application to the company's operations and will issue updates as information becomes available.

About Aurelian

Aurelian Resources Inc. is a publicly-listed (TSX:ARU) company engaged in exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project, located in south-eastern Ecuador.

The initial Inferred Resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. Visit www.aurelian.ca for more information.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralisation and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

FOR FURTHER INFORMATION PLEASE CONTACT:

Aurelian Resources Inc.
Marla Gale
Investor Relations
(416) 868-9100

Email: mgale@aurelian.ca
Website: www.aurelian.ca
 

... also fort, mal schauen was Kanada Heute Mittag daraus macht ;)  

Ecuador Begins Talks With Mining Companies On New Law
7:15pm ET (Dow Jones Newswires)

QUITO -(Dow Jones)- The Ecuadorian government Monday began meeting with mining sector representatives to define new Mining Law principles and the concession areas in which each company will operate, following the Constituent Assembly's recent revocation of thousands of concessions and suspension of others for 180 days.

On April 18, the Assembly, which is acting as the nation's legislature, passed a decree that froze mining sector activity by revoking around 80% of mining concessions and suspending the other 20% for 180 days.

The Assembly also decided that each private sector mining company will be allowed to have only three concessions. The private companies affected will decide which concessions they will maintain.

When inaugurating the dialogue with the private companies, Oil and Mining Minister Galo Chiriboga said he hopes there will be consensus on the new law, but added that he recognizes there will be some disagreement. He didn't give further details.

Chiriboga hopes to send President Rafael Correa a draft of the new law in May. He and other mining officials met Monday with around 150 representatives of private mining companies.

Dominic Channer, president of Aurelian Ecuador, a unit ofAurelian Resources Inc. (ARU.T), told journalists that mining companies operating in the country will make sacrifices to wait for the new law.

"That is very hard for us because we have to reduce activities, and it will postpone the beginning of our project Fruta del Norte," Channer said of the 180-day period in which mining companies will wait for the new law. The Fruta del Norte project is an important gold-silver deposit in southern Ecuador.

According to Channer, Aurelian had originally planned to invest around $40 million in 2008, but those plans have been put on hold during the drafting of the new law. The company, which has 39 mining concessions in Ecuador, has invested around $50 million in the Andean country between 2001 and 2007.

Local units of Corriente Resources Inc. (ETQ), Aurelian Resources Inc., International Minerals Corp. (IMZ.T) andIamGold Corp. (IAG), among others, have mining concessions in Ecuador.

According to Ecuador's mining chamber, the Andean country will scare away investment that it estimates could be worth some $2.0 billion. According to the chamber, the country will also lose $1.7 billion in projected taxes as a consequence of the Assembly's decree.

Ascendant Copper's general manager in Ecuador, Francisco Ventimilla, said mining companies have lost about $850 million in stock market capitalization brought about by a drop in stock prices after the Assembly's decree.

One of the main aspects of the new law will be royalties for the state and for communities where the mining projects are developed.

-By Mercedes Alvaro, Dow Jones Newswires; 5939-9728-653; mercedes.alvaro@dowjones.com

(END) Dow Jones Newswires

04-28-08 1914ET

Copyright (c) 2008 Dow Jones & Company, Inc.  

 

 

 

Aurelian and Other Mining Companies Meet With President Correa and Top Officials; Correa Says Responsible Mining Will Go Ahead in Ecuador
08:31 EDT Friday, April 25, 2008


TORONTO, ONTARIO--(Marketwire - April 25, 2008) - Aurelian Resources Inc. (TSX:ARU), today announced that the company and seven other mining companies (Cornerstone Capital Resources, Corriente Resources, Dynasty Metals & Mining, Ecometals Limited, IAMGOLD, International Minerals and Salazar Resources) collectively met with President Correa and other top officials yesterday afternoon in Quito to discuss the future of mining in Ecuador and the impact of the previously announced Mining Mandate.

The companies welcomed President Correa's repeated statements that responsible mining will go ahead in Ecuador. He said that the purpose of the Mining Mandate was to allow the government time to draft and implement a new mining law so that responsible mining can proceed. The President invited the mining companies to meet with the ministry to help formulate the new mining law starting this coming Monday, April 28.

Present from the government were President Rafael Correa; Dr. Galo Chiriboga, Minister of Mines and Petroleum; Dr. Jose Serrano, Deputy Secretary of Mines; Dr. Agustin Paladines, Mining Advisor to the President; Fernando Alvarado, Advisor to the President; Ricardo Patino, Minister of Politics; and Dr. Ramon Torres, Business Advisor to the President. The Canadian Ambassador to Ecuador, Christian LaPointe, accompanied the companies and presented concerns of the Canadian government for a fair, stable and long-term investment environment in Ecuador.


Aurelian continues to seek clarity from the government regarding the Mining Mandate's specific application to the company's operations and will issue updates as information becomes available.

About Aurelian

Aurelian Resources Inc. is a publicly-listed (TSX:ARU) company engaged in exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project, located in south-eastern Ecuador.

The initial Inferred Resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. Visit www.aurelian.ca for more information.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralisation and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

FOR FURTHER INFORMATION PLEASE CONTACT:

Aurelian Resources Inc.
Marla Gale
Investor Relations
(416) 868-9100

Email: mgale@aurelian.ca
Website: www.aurelian.ca
 

.. denke die tage dürfte es so weit sein, schauen wir mal ;)  

das nenne ich einen guten Start in die Woche  

das nenne ich einen guten Start in die Woche.
Nachdem die Unterstützung am Freitag nochmal getestet wurde, geht es jetzt in die zweite Runde jenseits der 5 CAD. Der Chart sieht gut aus. Sehr gut.  

Zur Erinnerung, das aktuelle Übernahmeangebot läuft am 3. September aus, und danach für neue Bieter alles offen...

http://www.marketwire.com/press-release/...poration-TSX-K-882333.html