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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Orvana Minerals Corp. is a Canada-based multi-mine gold-copper-silver company. The Company is involved in the evaluation, development and mining of base metal deposits. The Company owns and operates El Valle Mine and Carles Mine, which is situated in Asturias, Northern Spain (collectively El Valle) and is managed by its wholly owned subsidiary, Orovalle Minerals S.L. (Orovalle). In addition to El Valle, it owns certain mineral rights located in the region of Asturias. It also owns the Don Mario Operations (Don Mario) in San Jose de Chiquitos, Southeastern Bolivia and is managed by its wholly owned subsidiary, Empresa Minera Paititi S.A. (EMIPA). It consists of around 10 contiguous mineral concessions covering approximately 53,325 hectares (ha). Through its subsidiary Orvana Argentina S.A., the Company holds its 100 % owned Taguas Property, which is situated in the Province of San Juan, Argentina, and consists of approximately 15 mining concessions covering approximately 3,273.87 ha.


TSX:ORV - Post by User

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Post by TREV16on Feb 19, 2007 8:11pm
281 Views
Post# 12266966

Morales Interview--Miami Herald

Morales Interview--Miami HeraldBolivia's Morales rejects labels, stresses problem-solving Miami, Feb 19, 2007 (EFE via COMTEX) -- Bolivia's socialist president, Evo Morales, said that he is immersed in a campaign to eradicate poverty in his country and warned foreign mining firms to prepare to pay higher taxes. He commented in an interview published Monday by The Miami Herald. "I'm here to resolve problems," he told The Herald's Tyler Bridges at the presidential residence in La Paz. "Those who say I've moved left or I've moved right have it wrong. My job is to take care of the poor." To achieve that objective, Morales has pushed controversial policies like the expropriation of what he called "unproductive" land to turn it over to thousands of families who will work it, and the vaunted "nationalization" of Bolivia's massive natural gas reserves, which really amounted to a big tax increase on foreign energy companies. Now it is the turn of the firms in the mining sector, according to the first indigenous president of Bolivia, where Indians make up around 60 percent of a population of nine million. "We'll respect private investment, but we have private mining companies that don't pay any taxes. They'll have to begin to pay," Morales told the paper on Sunday. Morales also noted with pride that his country was showing significant advances in economic matters: it has a record level of international reserves with $3 billion, the first-ever budget surplus since records started being kept in 1970. "We're no longer a beggar nation," he said. Gonzalo Chavez, an economist at La Paz's Universidad Catolica, attributed the strengthening of the economy to the high international prices for mining sector products and soybeans. He also said that Morales had followed the policies of the International Monetary Fund and the World Bank, which have recommended limiting government spending and fostering an increase in reserves. On the political level, Morales rejected statements by international analysts that his government had veered to the left at the request of Cuban leader Fidel Castro and Venezuelan President Hugo Chavez. "In all the meetings we've had," the Bolivian said of Castro, "he never talks to me about socialism, communism or ideology. He only talks about healthcare, education and natural resources. I'm convinced that Fidel is the No. 1 doctor in the world, the No. 1 humanist in the world." Morales said that he and Chavez share the dream of a united South America. EFE
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