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Alta Copper Corp. T.DNT


Primary Symbol: T.ATCU

ALTA COPPER CORP. IS AN EMERGING COPPER DEVELOPER ADVANCING WITH THE GLOBAL SHIFT TOWARD ELECTRIFICATION AND DECARBONIZATION. Alta Copper Corp. is focused on the development of its 100% owned Cañariaco advanced staged copper project. Cañariaco comprises 97 square kilometers of highly prospective land located 150 kilometers northeast of the City of Chiclayo, Peru, which include the Cañariaco Norte deposit, Cañariaco Sur deposit and Quebrada Verde prospect, all within a 4km NE-SW trend in northern Peru¿s prolific mining district. Cañariaco is one of the largest copper deposits in the Americas not held by a major.


TSX:ATCU - Post by User

Bullboard Posts
Post by gmcmachineon Sep 07, 2011 2:56pm
472 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)

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