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Eastern Company EML

The Eastern Company manages industrial businesses that design, manufacture and sell engineered solutions to industrial markets. The Company has one reportable segment: Engineered Solutions. The Engineered Solutions segment provides engineered solutions to support its customers needs in the commercial transportation and logistics markets. It designs, manufactures, and markets a diverse product line of custom and standard vehicular and industrial hardware, including turnkey returnable packaging solutions, access and security hardware, mirrors, and mirror-cameras. It offers a standard product line of rotary latches, compression latches, draw latches, hinges, camlocks, key switches, padlocks, and handles, among other products. Its subsidiary, Velvac Holdings Inc. is a designer and manufacturer of proprietary vision technology for original equipment manufacturers (OEMs) and aftermarket applications, and a provider of aftermarket components to the heavy-duty truck market in North America.


NDAQ:EML - Post by User

Post by EDTV30on Jul 31, 2008 11:59am
336 Views
Post# 15347912

news rappot of gestion on sedar

news rappot of gestion on sedar

During the period of the moratorium, activities will include completion of the in-house mineral resource estimation,

initiation of conceptual engineering studies and Economic Scoping Study, and filing of the NI43-101 compliant

Technical Report on Exploration for the Condor Gold Project.

The Company also participated in discussions with the Association of Canadian Mining Companies in Ecuador

(“CANAMINE”), National Chamber of Mines on mining law reform proposal, and consultation with various

Government departments including the Ministry of Mines and Energy.

Draft copies of the new mining legislation in public circulation indicate that there will be no major changes which will

materially affect the exploration activities of the Company. The new legislation will include stricter environmental

protection measures, increased tenement rental fees, and a production royalty.

The new mining legislation is planned to be introduced in October 2008 and the Company will restart the exploration

activities beginning with diamond drilling on the Rio Zarza project pending approval of the EIA study

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