Aurelian Resources* (ARU : TSX : $7.35)
Net Change: -1.24, % Change: -14.44%, Volume: 2,255,487
Corriente Resources* (CTQ : TSX : $4.60)
Net Change: -0.89, % Change: -16.21%, Volume: 423,105
Dynasty Metals & Mining* (DMM : TSX : $6.16)
Net Change: -0.42, % Change: -6.38%, Volume: 180,969

President Correa, a.k.a. Mr. October. News articles on Reuters and Dow Jones tanked Ecuadorian-related mining exploration companies when it was said that President Correa supports suspending large-scale mining exploration projects until new mining laws can be completed over the next six months. "Some concessions where there has been investment and exploration and that were about to enter the exploitation phase will be suspended for 180 days until there is a new legal framework," he said. "And we will write new (mining) contracts based on that legal framework." He wasn't specific as to which companies in particular but it apparently is to pertain to only those companies not in compliance - we might guess it does not include the aforementioned companies but who knows? There are about 4,000 mining concessions in exploration phase and another 600 in early development stages. Corriente told Dow Jones, "For us, it doesn't seem a very big impact, because we have a project for 30 years and not for 180 days. The negative message is for the markets. We will wait for the new constitution and the new law to sit down again with the government to negotiate the contract." In Corriente's defence, what else could they possibly say? Unfortunately, major uncertainty appears to have reared its ugly head again.