GREY:PFRMF - Post by User
Post by
evilknievalon Sep 23, 2011 4:15am
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Post# 19075306
El Salvador progress ? TAU Group report due
El Salvador progress ? TAU Group report dueFrom the results statement of Condor Resources (AIM:CNR) today
"In El Salvador, the Tau Group, https://www.taugroup.com/ has completed its final round of consultative meetings with parties effected by a potential resumption of mining in El Salvador. Condor understands the Tau Group's study titled " The Strategic Environmental Evaluation of the Metallic Mining Sector of El Salvador" ("EAE") has been completed and is being reviewed by various ministries. We understand this will be made public in due course. The EAE will likely lead to a Mining Policy Review and amendments to the current mining law. In May 2011, Condor gifted 10% of its wholly owned El Salvador subsidiary into a UK charitable trust regulated by the UK Charities Commission. The beneficiaries of the charitable trust are the most needy people in El Salvador and benefit from a 10% carried interest in the 1,121,000 oz gold equivalent on Condor's concessions."
https://fool.uk-wire.com/Article.aspx?id=201109230700077865O