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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 Apr 26, 2011 10:35pm
663 Views
Post# 18492343

4/26 Pres. Correa talks mining in

4/26 Pres. Correa talks mining in

radio interview, and in a separate article the Vice Minister of Mining visits Zamora to socialize politics of the mining law and sign covenants with communities.

In Correa's interview he mentions they're looking for $40 million advance payments as part of the negotiations associated with the larger projects. There is an audio link of the broadcast, in Spanish of course, attached to the original article.
https://www.elciudadano.gov.ec/index.php?option=com_content&view=article&id=23781:presidente-reitero-que-dinero-de-la-mineria-y-petroleo-ira-primero-a-la-amazonia-&catid=40:actualidad&Itemid=63

President reiterated that money of the mining industry and petroleum will go first to the Amazonía.

Tuesday, April 26, 2011 18:38 XB Presidency of the Republic.

The Head of state, Rafael Correa, during its interview in Yantzaza Quito (Pichincha). - During an interview in Radio The Voice of Zamora, the President of the Republic, Rafael Strap, assured that the type of mining industry that is prompting the Government is the most technical one and the less contaminant. (To listen Audio)

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It emphasized that the 60% of the royalties of this activity they will be directed for the territorial development of the Amazonía, as is evident in the new Law of mining Industry.

To this one must add the 12% of the profits that before went the petroleum workers. All this, he said, so that this region become the most prosperous one of the country.

The President asked coherence to the citizens and civic who they ask works for their provinces, but in exchange for exploit not the resources.

It indicated that the natural resources well utilized do not represent contamination. It cited as an example the petroleum project Pañacocha that has earned international prizes by the environmental care.

"With governments of responsible, clean hands they have not to do damage the petroleum neither the mining industry, we surpass those myths. On the contrary from there the resources for the development of the country will come", noted.

The Proxy declared that themselves he will not be permitted that unscrupulous people, by saving taxes, they put retroexcavadoras in the rivers and they be carried the gold without including permissions or studies of environmental impact. "That it is the illegal mining industry that has been ousted that has to be differentiated of the craft one", emphasized.

Wilson Pástor, minister of Non-Renewable Natural Resources, assured that in Zamora Chinchipe a copper refining plant will be installed when develop the deposit Panantza-San Carlos.

Similarly, it said that with the project Mirador, that already is being negotiated and that will enter production in two years, with 70 thousand tons for day, is going to send the copper concentrated to China or to a country consumer so that they refine it.

With regard to the gold, indicated that already has a plant of refining in the mine of Aurelia, where the kilogram is removed of is you metal with a high purity. Equal thing passes with the silver.

It assured that in the province of Zamora Chinchipe is going to invest $3 500 million, in the next three years, among the projects Mirador, Fruta del Norte and Panantza-San Carlos. This is going to generate $ 1 600 million in perquisites, that is to say $80 million per year, on the average.

The secretary of state mentioned that as these projects begin to produce in two years, has requested the 20% of royalties anticipated to the companies with which is being negotiated. This signifies that will have in advance $40 million.

With these figures Zamora Chinchipe will pass from the position 17 in gross domestic Product per cápita to be the quarter of the country in five years. Besides 25 thousand direct jobs thanks to the mining industry will be generated.

On this same it fear, the Head of state spoke with the miners of Yantzaza to whom he told "to be batteries, to be more intelligent than the transnational, to be not like the foolish left that throws stones to the transnational, we take advantage of that they have the technology that we do not have, we learn". SD- XBJ Presidential Press

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Vice Minister of Mining Visits Zamora

Tuesday, April 26, 2011 13:58

Inside the objectives is to socialize the politics of the Mining Law to the artisans of this branch and to the small mining industry. Federico Auquilla Terán, vice minister of not Renewable Natural Resources, visit since yesterday the province of Zamora Chinchipe. It maintains several meetings with the craft sector to define the politics of the mining industry in Ecuador. "We have explained the form as the Department is working".

(photo caption - Federico Auquilla Terán, Vice Minister of Non-Renewable Natural Resources)

It commented that the offices of the Viceministerio of Mines will function, in the next weeks, in Zamora, according to a Presidential disposition. Covenants Declared that will enter the Mining National Business, will sign covenants with the communities for the small-scale exploitation. They will maintain academic agreements with the University Technical Individual of Loja to qualify the artisans. Legalizing Another of the activities of this Accounts receivable of State is to legalize the dealers so that are qualified as small mining. Auquilla asserted that they are in conversations with the large mining projects of
gold and copper of the province of Zamora Chinchipe. According to what establishes the Law of mining Industry, the businesses should sign a contract of operation. Coordinations The execution of this type of exploitations depends on an endless number of conditions or requisite according to the compliance of regulations and decisions of the Department of the Environment, National Office of the secretary of the Water, Sectional Governments and Department of Transportation and Public Works. It emphasized that the people that labor in the miners should be affiliated to the Ecuadorian Institute of Social Security. Cement
works in Loja Assured that the project cement Isimanchi goes to good rhythm, they negotiate so that the Provincial Government of Loja obtain machinery of drilling. In the next weeks we will have news on the start of the plan, stated.

"We will not permit the illegal mining industry, besides do not we want to be only sancionadores, the intention is to give solution and to generate development to the community".

https://cronica.com.ec/index.php?option=com_content&view=article&id=14874:viceministro-de-minas-visita-zamora&catid=35:zamora&Itemid=53

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