GSL ImplicationsThere is some noise that GSL will be denied it's permit. However, the Colombian Government came out with an immediate release saying the process is ongoing and no decision would be made until it is finished. It went on to state that the only people authorized to speak for the Government on the matter are the Ministers of Environment and Mining.
The Minister of Mining Senor Noriega is in Toronto this weekend to host information sessions at the PDAC where he will host a Presentation Room. We can all speculate what the outcome will be for GSL, but the Minister will surely get lots of questions on how GSL will be treated. The Ministers presentation follows, if they really want to encourage investment the GSL saga will have a huge effect. No doubt there will be compromise an GSL can get on with business.
Once the decision is clear, GWY should move quickly. As mentioned, the PDAC presentation by Colombia follows:
https://www.pdac.ca/pdac/conv/2011/pdf/presentations/presentation-room-colombia.pdf