Good news on Ecuador/Peru frontierzone. The presidents of Ecuador and Peru met today and signed "seven covenants of bilateral cooperation on cultural, migratory themes were subscribed besides, of tax facilities to the commerce and of construction of road infrastructure."
https://www.lahora.com.ec/frontEnd/main.php?idSeccion=948673&idRegional=1
On the Peru side they immediatly announced the following....which bodes well for the entire zone.
Peru authorizes mining projects of Newmont in border with Ecuador
16:23 - October 22, 2009
FILE, AFP The Peruvian subsidiary of the miner American Newmont received authorization of the government to develop 20 projects in the zone of border with Equador, reported Thursday the department of Energy and Mines.
The permission was offered as soon as the government elevated to "public need" the private investment in the mining industry. The Constitution of Peru prohibited the foreigners to acquire properties inside the first 50 kms frontier.
The exception aims at to achieve the development of the zones of border with consequent increase of the standard of living and benefit of the zone of incident of the mining activities, according to the Peruvian authorities.
The authorization also included the agreement of the Armed Forces, according to a decree law published in the official gazette.
The zone where they would be located the presumed deposits understands an upper area at 19,000 hectares, in the province of Ayabaca, department of Piura, at more than 1,000 kms to the north of File.
The authorities avoided to need what type of minerals or metals could be seeking to explore in the zone the American miner.
Newmont is one of the mining giants that operates in Peru and their Peruvian subsidiary controls the mining one Yanacocha, gold-bearing the greater mine of Latin America in the north Peruvian, in Cajamarca.
https://www.lahora.com.ec/frontEnd/main.php?idSeccion=948630&idRegional=1
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