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Message: ecuador mining minister speaks

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ecuador mining minister speaks

posted on Sep 17, 09 05:01PM

this translation is from otto of the inca kola news. the mining minister talks a lot but doesn't give a lot of specifics:

The New Mining Law Allows the State to Control Non-Renewable Natural Resources

The Minister of Mines and Petroleum, Germánico Pinto, in an interview given to ALBA, stated that the with new mining law the State gains the capacity of control, regulation and management of non-renewable natural resources.

The minister also explained that an effective system of royalty collection has been established for the exploration and exploitation of concessions so that they can be redistributed to the communities that may be affected by mining projects.

Among other things, Pinto emphasized the need the socialize the sector, to have integral and effective plans and to have all sectors involved in the decision-making process to avoid affecting the environment, to push forward with the creation of he new State Mining Company, to identify the benefits of responsible mining and the new mining project envisaged for the country.

http://incakolanews.blogspot.com/2009/09/ecuador-and-mining-mining-minister.html

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