the article in question - in English Leyhat" = CB Gold
.........................................
Days getting to know the new delimitation of the Páramo of Santurbán, the uncertainty increases the impact that will have the decision on the mining companies located in this area of Santander.
As advance payment to the results, LR met a preliminary document that will involve 51 mining titles are on tenterhooks, since they are superimposed in the Santurbán Regional Natural Park (Pnrs) or wilderness area.
Distribution corresponds to the Declaration of the Pnrs and enlargement area of paramo, whose maps are at a scale of 1 to 250,000, but the Von Humboldt Institute will lead them to a more detailed from 1 to 25,000.
In detail, the information about the titles that are available on the mining cadastre, shows a critical overview, not only by the number of titles involved, but by the same distribution: 51 which would be superimposed, 22 are in the stage of exploration, building 4, and 25 in exploitation.
Within these, it would affect the operations of companies Eco gold, before Greystar (10 titles), Leyhat (8), AUX (4), Anglo Gold Ashanti (1) and Continental Gold (1), among others.
And although the results of the Ministry of the environment may involve or not these titles, it is worth questioning the Government on how it will proceed in each scenario, because the companies have no certainty of what will happen to their investments. "There is the transitional regime regulations which explains that the laws should say how to be applied to existing situations, if they must be kept with the previous regime or if they have to accommodate the new law. In the case of the Moors is said to be to define, but not what will happen with the existing activities,"explained Adriana Martínez, legal expert.
For this task, the Executive and the national agency of mining (ANM) should study each case, seeking to protect acquired rights, to "take care of natural sources, but does not affect the interests of the companies that have been making significant investments," added Martinez.
In particular, that are not on tenterhooks investments from companies such as AngloGold Ashanti, Eco gold and Leyhat, that for amounts more than $10,200 million in the coming years.
The task will not be easy
In a first panorama areas licensed for exploring involvement will be more headache for the Government, because once you are declared the Páramo, mining companies may not aspire to obtain authorization to exploit. In fact, said the Minister of environment, Luz Helena Sarmiento, "technically, it won't be to give what is going to be within the Moor", and confirmed that mining companies "could not" request license if they are in natural area.
"At this time there is much legal instability and is evident that they are changing the conditions by which the companies came to make investments in Colombia," said LR on this panorama Fabio Capponi, CEO of Leyhat.
Despite this, expected "given the legal tradition that there is in the country, there should be a recognition of the rights acquired by head of the holders," said Eduardo Junguito, head of the office of Environmental Affairs and social of the Ministry of mines and energy. In that vein, companies wonder if this recognition could translate to some compensation.
This message was added the Attorney, Alejandro Ordóñez, who in a letter, asked the Ministry that "consolidated situations and acquired rights are respected so that there are no legal risks against the State".
On the other hand, for those companies that are in the stage of construction and Assembly or exploitation, the panorama does not becomes so complicated, since Sarmiento said that "If the titles have environmental licenses, are they respected", which gives a voice of calm to these companies. Despite this, once they finish their contracts not to they may renew them.
"You have to understand that it is at stake here a theme of jobs and investment in much of Soto Northern region", said Cesar Diaz, director of the Colombian Chamber of mining (CCM) and called for that "institutions that are in charge of this difficult decision to have determination, which promptly delivered the delimitation and that this delimitation"", the respective analyses are made", materialized.
The result of not having long-term policy
Although it should be noted that 51 granted titles do not correspond to the Government of Juan Manuel Santos, yes it must be emphasized that this scenario allows to see the necessity of running long-term policies, because at this time are being modified the conditions of concessions that were made until more than 10 years ago.
Read more at
https://www.stockhouse.com/companies/bullboard/v.glw/galway-gold-inc?postid=21817204#B9fo2oydWL1dqGOi.99 "Leyhat" = CB Gold
.........................................
Days getting to know the new delimitation of the Páramo of Santurbán, the uncertainty increases the impact that will have the decision on the mining companies located in this area of Santander.
As advance payment to the results, LR met a preliminary document that will involve 51 mining titles are on tenterhooks, since they are superimposed in the Santurbán Regional Natural Park (Pnrs) or wilderness area.
Distribution corresponds to the Declaration of the Pnrs and enlargement area of paramo, whose maps are at a scale of 1 to 250,000, but the Von Humboldt Institute will lead them to a more detailed from 1 to 25,000.
In detail, the information about the titles that are available on the mining cadastre, shows a critical overview, not only by the number of titles involved, but by the same distribution: 51 which would be superimposed, 22 are in the stage of exploration, building 4, and 25 in exploitation.
Within these, it would affect the operations of companies Eco gold, before Greystar (10 titles), Leyhat (8), AUX (4), Anglo Gold Ashanti (1) and Continental Gold (1), among others.
And although the results of the Ministry of the environment may involve or not these titles, it is worth questioning the Government on how it will proceed in each scenario, because the companies have no certainty of what will happen to their investments. "There is the transitional regime regulations which explains that the laws should say how to be applied to existing situations, if they must be kept with the previous regime or if they have to accommodate the new law. In the case of the Moors is said to be to define, but not what will happen with the existing activities,"explained Adriana Martínez, legal expert.
For this task, the Executive and the national agency of mining (ANM) should study each case, seeking to protect acquired rights, to "take care of natural sources, but does not affect the interests of the companies that have been making significant investments," added Martinez.
In particular, that are not on tenterhooks investments from companies such as AngloGold Ashanti, Eco gold and Leyhat, that for amounts more than $10,200 million in the coming years.
The task will not be easy
In a first panorama areas licensed for exploring involvement will be more headache for the Government, because once you are declared the Páramo, mining companies may not aspire to obtain authorization to exploit. In fact, said the Minister of environment, Luz Helena Sarmiento, "technically, it won't be to give what is going to be within the Moor", and confirmed that mining companies "could not" request license if they are in natural area.
"At this time there is much legal instability and is evident that they are changing the conditions by which the companies came to make investments in Colombia," said LR on this panorama Fabio Capponi, CEO of Leyhat.
Despite this, expected "given the legal tradition that there is in the country, there should be a recognition of the rights acquired by head of the holders," said Eduardo Junguito, head of the office of Environmental Affairs and social of the Ministry of mines and energy. In that vein, companies wonder if this recognition could translate to some compensation.
This message was added the Attorney, Alejandro Ordóñez, who in a letter, asked the Ministry that "consolidated situations and acquired rights are respected so that there are no legal risks against the State".
On the other hand, for those companies that are in the stage of construction and Assembly or exploitation, the panorama does not becomes so complicated, since Sarmiento said that "If the titles have environmental licenses, are they respected", which gives a voice of calm to these companies. Despite this, once they finish their contracts not to they may renew them.
"You have to understand that it is at stake here a theme of jobs and investment in much of Soto Northern region", said Cesar Diaz, director of the Colombian Chamber of mining (CCM) and called for that "institutions that are in charge of this difficult decision to have determination, which promptly delivered the delimitation and that this delimitation"", the respective analyses are made", materialized.
The result of not having long-term policy
Although it should be noted that 51 granted titles do not correspond to the Government of Juan Manuel Santos, yes it must be emphasized that this scenario allows to see the necessity of running long-term policies, because at this time are being modified the conditions of concessions that were made until more than 10 years ago.
Read more at
https://www.stockhouse.com/companies/bullboard/v.glw/galway-gold-inc?postid=21817204#f1R6CTV0J3CP3vXt.99
"Leyhat" = CB Gold
.........................................
Days getting to know the new delimitation of the Páramo of Santurbán, the uncertainty increases the impact that will have the decision on the mining companies located in this area of Santander.
As advance payment to the results, LR met a preliminary document that will involve 51 mining titles are on tenterhooks, since they are superimposed in the Santurbán Regional Natural Park (Pnrs) or wilderness area.
Distribution corresponds to the Declaration of the Pnrs and enlargement area of paramo, whose maps are at a scale of 1 to 250,000, but the Von Humboldt Institute will lead them to a more detailed from 1 to 25,000.
In detail, the information about the titles that are available on the mining cadastre, shows a critical overview, not only by the number of titles involved, but by the same distribution: 51 which would be superimposed, 22 are in the stage of exploration, building 4, and 25 in exploitation.
Within these, it would affect the operations of companies Eco gold, before Greystar (10 titles), Leyhat (8), AUX (4), Anglo Gold Ashanti (1) and Continental Gold (1), among others.
And although the results of the Ministry of the environment may involve or not these titles, it is worth questioning the Government on how it will proceed in each scenario, because the companies have no certainty of what will happen to their investments. "There is the transitional regime regulations which explains that the laws should say how to be applied to existing situations, if they must be kept with the previous regime or if they have to accommodate the new law. In the case of the Moors is said to be to define, but not what will happen with the existing activities,"explained Adriana Martínez, legal expert.
For this task, the Executive and the national agency of mining (ANM) should study each case, seeking to protect acquired rights, to "take care of natural sources, but does not affect the interests of the companies that have been making significant investments," added Martinez.
In particular, that are not on tenterhooks investments from companies such as AngloGold Ashanti, Eco gold and Leyhat, that for amounts more than $10,200 million in the coming years.
The task will not be easy
In a first panorama areas licensed for exploring involvement will be more headache for the Government, because once you are declared the Páramo, mining companies may not aspire to obtain authorization to exploit. In fact, said the Minister of environment, Luz Helena Sarmiento, "technically, it won't be to give what is going to be within the Moor", and confirmed that mining companies "could not" request license if they are in natural area.
"At this time there is much legal instability and is evident that they are changing the conditions by which the companies came to make investments in Colombia," said LR on this panorama Fabio Capponi, CEO of Leyhat.
Despite this, expected "given the legal tradition that there is in the country, there should be a recognition of the rights acquired by head of the holders," said Eduardo Junguito, head of the office of Environmental Affairs and social of the Ministry of mines and energy. In that vein, companies wonder if this recognition could translate to some compensation.
This message was added the Attorney, Alejandro Ordóñez, who in a letter, asked the Ministry that "consolidated situations and acquired rights are respected so that there are no legal risks against the State".
On the other hand, for those companies that are in the stage of construction and Assembly or exploitation, the panorama does not becomes so complicated, since Sarmiento said that "If the titles have environmental licenses, are they respected", which gives a voice of calm to these companies. Despite this, once they finish their contracts not to they may renew them.
"You have to understand that it is at stake here a theme of jobs and investment in much of Soto Northern region", said Cesar Diaz, director of the Colombian Chamber of mining (CCM) and called for that "institutions that are in charge of this difficult decision to have determination, which promptly delivered the delimitation and that this delimitation"", the respective analyses are made", materialized.
The result of not having long-term policy
Although it should be noted that 51 granted titles do not correspond to the Government of Juan Manuel Santos, yes it must be emphasized that this scenario allows to see the necessity of running long-term policies, because at this time are being modified the conditions of concessions that were made until more than 10 years ago.
Read more at
https://www.stockhouse.com/companies/bullboard/v.glw/galway-gold-inc?postid=21817204#f1R6CTV0J3CP3vXt.99 "Leyhat" = CB Gold
.........................................
Days getting to know the new delimitation of the Páramo of Santurbán, the uncertainty increases the impact that will have the decision on the mining companies located in this area of Santander.
As advance payment to the results, LR met a preliminary document that will involve 51 mining titles are on tenterhooks, since they are superimposed in the Santurbán Regional Natural Park (Pnrs) or wilderness area.
Distribution corresponds to the Declaration of the Pnrs and enlargement area of paramo, whose maps are at a scale of 1 to 250,000, but the Von Humboldt Institute will lead them to a more detailed from 1 to 25,000.
In detail, the information about the titles that are available on the mining cadastre, shows a critical overview, not only by the number of titles involved, but by the same distribution: 51 which would be superimposed, 22 are in the stage of exploration, building 4, and 25 in exploitation.
Within these, it would affect the operations of companies Eco gold, before Greystar (10 titles), Leyhat (8), AUX (4), Anglo Gold Ashanti (1) and Continental Gold (1), among others.
And although the results of the Ministry of the environment may involve or not these titles, it is worth questioning the Government on how it will proceed in each scenario, because the companies have no certainty of what will happen to their investments. "There is the transitional regime regulations which explains that the laws should say how to be applied to existing situations, if they must be kept with the previous regime or if they have to accommodate the new law. In the case of the Moors is said to be to define, but not what will happen with the existing activities,"explained Adriana Martínez, legal expert.
For this task, the Executive and the national agency of mining (ANM) should study each case, seeking to protect acquired rights, to "take care of natural sources, but does not affect the interests of the companies that have been making significant investments," added Martinez.
In particular, that are not on tenterhooks investments from companies such as AngloGold Ashanti, Eco gold and Leyhat, that for amounts more than $10,200 million in the coming years.
The task will not be easy
In a first panorama areas licensed for exploring involvement will be more headache for the Government, because once you are declared the Páramo, mining companies may not aspire to obtain authorization to exploit. In fact, said the Minister of environment, Luz Helena Sarmiento, "technically, it won't be to give what is going to be within the Moor", and confirmed that mining companies "could not" request license if they are in natural area.
"At this time there is much legal instability and is evident that they are changing the conditions by which the companies came to make investments in Colombia," said LR on this panorama Fabio Capponi, CEO of Leyhat.
Despite this, expected "given the legal tradition that there is in the country, there should be a recognition of the rights acquired by head of the holders," said Eduardo Junguito, head of the office of Environmental Affairs and social of the Ministry of mines and energy. In that vein, companies wonder if this recognition could translate to some compensation.
This message was added the Attorney, Alejandro Ordóñez, who in a letter, asked the Ministry that "consolidated situations and acquired rights are respected so that there are no legal risks against the State".
On the other hand, for those companies that are in the stage of construction and Assembly or exploitation, the panorama does not becomes so complicated, since Sarmiento said that "If the titles have environmental licenses, are they respected", which gives a voice of calm to these companies. Despite this, once they finish their contracts not to they may renew them.
"You have to understand that it is at stake here a theme of jobs and investment in much of Soto Northern region", said Cesar Diaz, director of the Colombian Chamber of mining (CCM) and called for that "institutions that are in charge of this difficult decision to have determination, which promptly delivered the delimitation and that this delimitation"", the respective analyses are made", materialized.
The result of not having long-term policy
Although it should be noted that 51 granted titles do not correspond to the Government of Juan Manuel Santos, yes it must be emphasized that this scenario allows to see the necessity of running long-term policies, because at this time are being modified the conditions of concessions that were made until more than 10 years ago.
Read more at
https://www.stockhouse.com/companies/bullboard/v.glw/galway-gold-inc?postid=21817204#B9fo2oydWL1dqGOi.99
"Leyhat" = CB Gold
.........................................
Days getting to know the new delimitation of the Páramo of Santurbán, the uncertainty increases the impact that will have the decision on the mining companies located in this area of Santander.
As advance payment to the results, LR met a preliminary document that will involve 51 mining titles are on tenterhooks, since they are superimposed in the Santurbán Regional Natural Park (Pnrs) or wilderness area.
Distribution corresponds to the Declaration of the Pnrs and enlargement area of paramo, whose maps are at a scale of 1 to 250,000, but the Von Humboldt Institute will lead them to a more detailed from 1 to 25,000.
In detail, the information about the titles that are available on the mining cadastre, shows a critical overview, not only by the number of titles involved, but by the same distribution: 51 which would be superimposed, 22 are in the stage of exploration, building 4, and 25 in exploitation.
Within these, it would affect the operations of companies Eco gold, before Greystar (10 titles), Leyhat (8), AUX (4), Anglo Gold Ashanti (1) and Continental Gold (1), among others.
And although the results of the Ministry of the environment may involve or not these titles, it is worth questioning the Government on how it will proceed in each scenario, because the companies have no certainty of what will happen to their investments. "There is the transitional regime regulations which explains that the laws should say how to be applied to existing situations, if they must be kept with the previous regime or if they have to accommodate the new law. In the case of the Moors is said to be to define, but not what will happen with the existing activities,"explained Adriana Martínez, legal expert.
For this task, the Executive and the national agency of mining (ANM) should study each case, seeking to protect acquired rights, to "take care of natural sources, but does not affect the interests of the companies that have been making significant investments," added Martinez.
In particular, that are not on tenterhooks investments from companies such as AngloGold Ashanti, Eco gold and Leyhat, that for amounts more than $10,200 million in the coming years.
The task will not be easy
In a first panorama areas licensed for exploring involvement will be more headache for the Government, because once you are declared the Páramo, mining companies may not aspire to obtain authorization to exploit. In fact, said the Minister of environment, Luz Helena Sarmiento, "technically, it won't be to give what is going to be within the Moor", and confirmed that mining companies "could not" request license if they are in natural area.
"At this time there is much legal instability and is evident that they are changing the conditions by which the companies came to make investments in Colombia," said LR on this panorama Fabio Capponi, CEO of Leyhat.
Despite this, expected "given the legal tradition that there is in the country, there should be a recognition of the rights acquired by head of the holders," said Eduardo Junguito, head of the office of Environmental Affairs and social of the Ministry of mines and energy. In that vein, companies wonder if this recognition could translate to some compensation.
This message was added the Attorney, Alejandro Ordóñez, who in a letter, asked the Ministry that "consolidated situations and acquired rights are respected so that there are no legal risks against the State".
On the other hand, for those companies that are in the stage of construction and Assembly or exploitation, the panorama does not becomes so complicated, since Sarmiento said that "If the titles have environmental licenses, are they respected", which gives a voice of calm to these companies. Despite this, once they finish their contracts not to they may renew them.
"You have to understand that it is at stake here a theme of jobs and investment in much of Soto Northern region", said Cesar Diaz, director of the Colombian Chamber of mining (CCM) and called for that "institutions that are in charge of this difficult decision to have determination, which promptly delivered the delimitation and that this delimitation"", the respective analyses are made", materialized.
The result of not having long-term policy
Although it should be noted that 51 granted titles do not correspond to the Government of Juan Manuel Santos, yes it must be emphasized that this scenario allows to see the necessity of running long-term policies, because at this time are being modified the conditions of concessions that were made until more than 10 years ago.