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Kinross Gold Corp T.K

Alternate Symbol(s):  KGC

Kinross Gold Corporation is a Canada-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. The Company’s projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast and Great Bear projects. Fort Knox is an open-pit gold mine located near the city of Fairbanks, Alaska. Round Mountain is a long-life, open pit mine located in Nevada. Bald Mountain is an open pit mine with an estimated mineral resource base located in Nevada along the southern extension of the prolific Carlin trend. Manh Choh project is in Alaska, located approximately 400 kilometers southeast of Fort Knox. Paracatu is a long life, cornerstone operation located near the city of Paracatu in Brazil’s Minas Gerais region. It operates the La Coipa mine in the Atacama region and owns the Lobo-Marte development project, which is located approximately 50 kilometers southeast of La Coipa.


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Post by Nikolaion Sep 15, 2009 11:44pm
316 Views
Post# 16309311

MMP discusses Mining Law

MMP discusses Mining Law

Sept 15 Interview: Minister of Mines & Petroleum discusses the new mining law and related themes.


Basic translation….


"New Mining Law permits to the State to recover the control of the not renewable natural resources"

Source: Presidency of the Republic

Tuesday, 15 of September of 2009 13:00

Quito (Pichincha).- The minister of Mines and Petroleums, Germanic I Paint, in an interview granted for The Citizen of the Office of the secretary of Communication, assured that with the new Law of mining Industry, the State recovers the capacity of control, of regulation and capacity of management of the not renewable natural resources.

The official explained besides that a system of effective collection of perquisites by the exploration he is established and exploitation in areas concesionadas, so that they are redistributed to the communities that could be affected for mining projects.

Among others things, I Paint emphasized the need to socialize as a group, integral plans and troops with all the sectors involved in the theme to avoid to affect to the environment; for prompt the creation of the new Business you Be it Mining; for identify the benefits of the responsible mine; and the new mining projects predicted in the country.

Which they are the changes that contemplates the new Mining Law presented by the State? What is important of the new Mining Law, is the play of new rules establishment that they permit to the State, to assume a regulating role and controller of all the aspect of the mining industry, just as the Constitution establishes it, in order to generate an adequate and effective management of the mining industry in Equator.

How is working itself in the socialization of the new law?

We have conversed with many groups, communities, Municipalities looking to discussing the application of this law. We believe that is important to talk with all the people and to indicate the environment in which we present the dynamics of the mining industry here in the Equator. With the new law we will be more careful of the environment and the communities that are around the projects will be the first benefited of those projects. Among the populations visited is Zamora where we had a dialogue with the communities shuar, mayors and the Prefectura. He was an interesting dialogue with the small miners. I believe that the form as we can carry ahead these conversations he permits to understand us.

With regard to the creation of the National Business of mining Industry ¿which will be his objectives and benefits?

The National Business of mining Industry will be the equivalent one of Petroecuadoren the environment of the mining industry. This company will take charge of handling the main mining projects and will be able to carry out all the strategic agreements and the alliances with different type of organizations, even with communities, in order to achieve a better development of the mining industry in the Equator

What signifies the exploitation of responsible miner without be affected to the environment?

The affectation to the environment always is going to give in any human activity. What we seek is a responsible mining industry, with a smaller possible affectation in terms of the use of the technology, of methods of adequate exploitation and evidently in terms of the security of the workers and the security and the health of the communities that are around.

It has been initiated dialogues with the different communities with respect to the mine

We have established an assembly of strategic projects around which we go to initiate this new proposal that the Government carries ahead in terms that the State enters to a direct dialogue with the communities. We have begun with the zone of Zamora, we are going to initiate with some zones of the Ecuadorian Coast, exactly to be able to develop in adequate form this process that is so fundamental for the development of the country.

Which will be the financial gain once arrive at the country the investments for the mine?

The Equator is going to enter in an important process of management of those resources and when harms already the exploitation is going to signify a flow of resources for the State but not only for the State, but also for the communities that are around. It is very important because is going to imply an effective change in the quality of life of the people that are those zones.

Which will they be the new projects of mine that will be undertaken in the country?

We have various types of projects some are the projects that at this time are being going to develop with Canadian businesses, this due to that in Equator do not we have experience in the environment of the mining industry, but simultaneously we want to begin to develop projects that we handle them since the State through the mining national business and in agreement with other countries for example with Chile, with the National Corporation of the Copper (Codelco) we have an agreement to begin the development of the mining industry in certain areas therefore we have many forms to establish the mechanisms for which we are going to develop the mine. The State can also establish agreements with organizations of miners for the exploitation of mines in those zones where we consider convenient. That is to say we have an extensive vision and diversified of the form as we intend and we believe that he should be developed the mining industry here in the Equator. By the quick thing we have agreements with Canada he has some investments that are beginning to be done, with Chile and we expect to expand these agreements to various other countries.

This company (National Business of mining Industry) will be the responsible for regular and to control these mining projects predicted?

Not, who will take charge of the regulation and general control of all the aspect of the mining industry, is the new Agency of Regulation and Mining Control. This new agency is going to have the task to name of the State of regular and to control the mining industry in all the levels. The adequate and responsible development of the mining industry is something that agrees a lot to the State and to the Equator. We believe that to do it in adequate form just as we are presenting it taking into account the care of the environment and that the communities obtain direct benefits on these projects goes to have a very positive and important impact in the future of the Equator. By that reason, we believe that in general the mining industry development proposal that are presenting is a proposal that differentiates completely with respect to the form as has come itself handling the mining industry here in the Equator. We are building a different country, transforming to the country and therefore to the mining industry.

Personal:

Germanic I Paint Troy Engineer in Electronics and Control. Former Technical secretary in the Department of Coordination of the Sectors Strategic, former assembly member. It has been performed besides as the manager of Argus Systems. Has been also professor of Math and of Technology. MY/Presidential Press

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Link & original text….

https://www.elciudadano.gov.ec/index.php?option=com_content&view=article&id=5673:nueva-ley-minera-permite-al-estado-recuperar-el-control-regulacion-y-gestion-de-los-recursos-naturales-no-renovables&catid=21:entrevistas&Itemid=29









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