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Candelaria Mining Corp T.CAN


Primary Symbol: V.CAND Alternate Symbol(s):  CDELF

Candelaria Mining Corp. is a Canadian gold-copper exploration company with a portfolio of two highly prospective projects in Mexico. The Company owns 100% of the Caballo Blanco and the Pinos Gold Projects. The Caballo Blanco license area is located on the eastern coast of Mexico in the state of Veracruz, 65 kilometers northwest of the city of Veracruz. The most advanced project in the license area is La Paila, which is conventional open pit/heap leach mining operation targeting approximately 100,000 ounces of gold production annually. The Pinos mining property and historical mining district is located in the municipality of Pinos, Zacatecas state in north-central Mexico near the town of Pinos, Zacatecas. The property lies 405 air-kilometers northwest of Mexico City and is 67 km west-northwest of the city of San Luis Potosi, 113 km east-southeast of the city of Zacatecas, and 85 km northeast of the city of Aguascalientes.


TSXV:CAND - Post by User

Post by canacrapon Nov 10, 2011 7:08pm
220 Views
Post# 19228216

Politics! It's never a good thing!

Politics! It's never a good thing!
HEY CAN IR maybe those upcoming taxes and royalties have some thing to do with the crappy share price and decline!? Stop feeding IKE and the longs false hope!
https://af.reuters.com/article/energyOilNews/idAFRISKTZ20111108?sp=true
ECONOMIC REFORM

Tanzania's mining sector slumped in two consecutive quarters this year due to uncertainty over government policies, a prolonged energy crisis and infrastructure constraints.

Africa's fourth-biggest gold producer, which passed a new mining policy in 2009 and subsequent legislation last year, plans to restructure the key sector.

The government said it was also negotiating with mining companies to pay more taxes from mining proceeds.

What to watch:

- Mining talks. Mining firms are worried about the tax reform plan. Africa's biggest gold miner AngloGold Ashanti has started paying 30 percent corporate tax to the government this year for its Geita mine, but companies are resistant to higher royalties.

- National debt. Government borrowing is set to rise as the country seeks funds for power and infrastructure projects. A debut $500 million eurobond is still on track as the country's national debt rose to $12.131 billion in the year to August from $12.112 billion at the end of July.

- Central bank moves. The central Bank of Tanzania (BOT) is taking measures to lower the inflation rate and halt the depreciation of the shilling. It remains to be seen if the measures will succeed in the import-dependent country. (Editing by Yara Bayoumy)
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