Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises about 97 square kilometers of highly prospective land located about 102 kilometers (km) northeast of the City of Chiclayo, Peru, which includes the advanced stage Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s mining district. The Company also holds other earlier stage base metal properties located in Peru and Canada. Its other projects include Don Gregorio property, Arikepay Copper-Gold Porphyry Discovery, and Canyon Creek property. Don Gregorio property is a copper-gold porphyry target located in northern Peru.


TSX:ATCU - Post by User

Bullboard Posts
Post by gmcmachineon Sep 07, 2011 2:56pm
473 Views
Post# 19019086

Leftist Humala signs bill aimed at preventing conf

Leftist Humala signs bill aimed at preventing conf

More great news from Peru!!

DNT is a sure winner!!

GMC


https://www.reuters.com/article/2011/09/06/peru-protests-law-idUSN1E7851BB20110906

Peru's Humala signs law to avert mine, oil protests

Tue Sep 6, 2011 4:10pm EDT

* Leftist Humala signs bill aimed at preventing conflicts

* Mining group backs law after veto power scrapped

By Caroline Stauffer

LIMA, Sept 6 (Reuters) - Peru's leftist president signed a

law on Tuesday requiring mining and energy firms to consult

rural communities over new projects, a step aimed at averting

conflicts that have stalled investments in recent years.

Rights groups representing indigenous communities have long

called for the so-called consultation law, which stops short of

giving them veto power over projects and is welcomed by

industry leaders in the resource-rich Andean country.

More than 100 people have been killed in recent years in

conflicts over water, pollution or natural resources, often

pitting residents in impoverished regions against foreign

mining and oil companies.

Peru's ombudsman says the new law, approved unanimously by

Congress last month, could quell disputes that often turn

violent and pose a threat to some $50 billion in investments

planned for the next decade.

President Ollanta Humala, who pledged to ensure the poor

take part in an economic boom when he took office in July,

signed the law in a jungle town where 33 people died in a clash

between police and indigenous protesters two years ago.

"We've taken an important step to solving a problem, we're

building a republic that respects all its nationalities,"

Humala said in the town of Bagua.

Violence erupted in Bagua during a protest calling on

then-president Alan Garcia to repeal laws encouraging foreign

mining and oil investment in the rainforest.

Garcia vetoed an earlier version of the consultation law

last year, saying it gave towns the power to turn away

investment needed for development.

The version of the law signed by Humala requires companies

to try to reach agreement, but does not grant veto powers to

local communities. That change has won support from business.

"If we've got well-informed people in the communities, if

we've got clear and transparent rules, this could be a very

interesting law for this country," said Pedro Martinez, head of

the national mining society. "In many cases the conflicts have

been caused by misinformation."

Some indigenous leaders have been losing faith in Humala, a

former anti-capitalist radical who has recast himself as a

moderate leftist. [ID:nN1E77G18P]

But hundreds of indigenous supporters gathered in Bagua on

Tuesday, cheering Humala as he donned traditional

beaded necklaces for the signing ceremony.

"We're in favor of this law, there has to be shared consent

by communities and the government," Pedro Ciollo of the leading

AIDESEP indigenous rights group told Reuters.

(Editing by Helen Popper and Dale Hudson)

Bullboard Posts