RE:Some News Would be NicePick up the phone and call Laing . These guys are not hard to talk to and you may be able to glean some info for yourself. Write down the questions you want answered and cal , it works . I n the meantime here is an article from last summer which you may find interesting.....
Jun 16, 2014 (ACCESSWIRE via COMTEX) -- VANCOUVER, BC / June 16, 2014 / On June 5, 2014 Ecuador announced plans to modernize its mining laws and offer tax incentives designed to attract foreign investors. This may be the biggest resource policy shift in modern history not triggered by an election.
"Our mining laws have been a total disaster," admitted Ecuadorian President Rafael Correa on national radio, "It has been a failure on the part of the government. We have made mistakes due to our lack of experience. We can't be infantile. I'm not disposed to wait any longer."
The government is planning to abolish the windfall tax (which torpedoed Kinross Gold's (KGC-NYSE) investment in the massive Fruta del Norte gold) mine and make other improvements to attract mining investments.
"These new incentives will help us attract investment in all different steps of the process," stated strategic Sectors Minister Rafael Poveda.
Image: https://www.accesswire.com/images/322/egx_image.jpg
One of the country's most active explorers - Ecuador Gold and Copper (EGX-TSX.V) controls five deposits within the Condor Complex in southeast Ecuador: 1) Santa Barbara 2) Los Cuyes 3) Soledad 4) El Hito and 5) Chinapintza (Joint Venture with China) and has spent the last two years conducting an extensive 22,500 meter drill program.
On March 24, 2014, after the completion of Phase ll drilling, EGX announced a significantly expanded resource estimate for the Santa Barbara South and North Zones. The company's indicated and inferred gold resources in Ecuador increased 26% to 8 million gold ounces indicated; 2.6 million gold ounces inferred with a cost of discovery of US$2 per ounce.
https://www.marketwatch.com/story/financial-press-ecuador-gives-mining-industry-a-big-wet-kiss-2014-06-16