RE:RE:RE:RE:Let's find middle ground- name the negatives of this project
Hey Patch,
Those are all good examples of issues that can and do arrise when dealing with exploration companies and potential buyers. You can see my previous post from, I believe, the 8th of November where i point out the water, electricity and road access. Any potential buyers may have to produce small roads into the sites. Maybe a few KM of secondary roadways. Typically with any mine site. Electricity should be supplied by mid to late 2015 via hydroelectric dam. Water is directly on site for all dig holes. Most cover the river beds themselves so very easy access. At most, water access might be .5 to 1 km.
Works should be plentiful, There are skilled workers in peru as they are a relatively mining country. We have an open pit mine as well so There will not be a huge requirement for workers as an underground mining operation.
All metals are located fairly close to the surface. If you see EGX website or latest result page, they are roughly 200m-400m at the depest location. A lot of the resources are shallow.
Burial sites I can't comment on... I have seen no mention of burial sites or any near these locations.
Shipping should be relatively easy. There are Airports and Airstrips located in Loja and Zamora. There are train stations located in these areas as well. No trains near the actual sites themselves. They would need to truck to Train Stations and or airports.
Correa has explained how the enviromental laws will be laid out and reviewed. I suspect they will be strict and similar to what we have in place. I think the access to clean water will definately help here. I suspect the buyer will have to adhere to strict environmental laws and containment. Correa is under the knife in this area so he will be closely watched to ensure that there is no severe negative impacts on the environment.
Local unrest is likely. But like I said, we are talking about the future of the country. The Amazon is approximately 7,000,000 square kilometers. Correa, as well as most of the country, want mining to take place as they will have millions of dollars in revenue. They are one of the only countries not taking part in mining and those that are have seen very minimal impact on their lands. The indiginous have been fighting off "outsiders" since the 1500's and have vowed to continue whithout even looking at the facts. Correa is a dictator. He is very opininated and hates the U.S, Global assistance and poverty. He wants Ecuador to advance and flourish and knows mining is key in doing so.
As for loans, I suspect China to be the main interested party. China has backed Ecuador 150%. They have invested billions in infrastructure to the miing industry. They have spent hundreds of millions of dollars in the Hydroelectrix dam systems. Why invest in the hydroelectris system in Southeast Ecuador that is composed of 80% amazon? They are interested in Copper as China have a wildely growing infrastructure themselves and have indicated that they will need the extra resources. They currently have a surplus ore copper but have been using it as collateral with the banking system. A lot of companies are going bankrupt and are forced to dump their excess only to market. Therefore needing more.
Check out mine previous posts from www.ecuadortimes.net. China is mentioned in every 3rd or 4th page and all mentoning loans and backing. Are you going to invest your money in a small country like Ecuador without getting something in return??
As for the Machinery, Google mining equipment in Peru. Rental and buying of Gear/Machinery everywhere. There is no shortage of mining gear in south america.
Good luck and Keep doing your DD. Good or bad. Cheers!