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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 7:15pm
268 Views
Post# 19228230

Nationalization! Makes sense now!

Nationalization! Makes sense now!
https://www.reuters.com/article/2011/10/27/tanzania-mining-anglogold-ashanti-idUSL5E7LR4KP20111027

Australian gold miner Resolute Mining was the first mining company to start paying corporate tax in Tanzania, according to the African country's minerals ministry.

Mining officials said the government was also in talks with African Barrick Gold , which has four gold mines in Tanzania, on payment of the tax.

Tanzania announced last week it plans to raise royalty payments on exports of gold by the end of this year as it seeks to restructure its mining sector.

The 2010 Mining Act increased the rate of royalty paid on minerals such as gold from 3 percent to 4 percent and required the government to own a stake in strategic mining projects.


WELL NOW WE NOW WHY CAN IS IN THE TOLIET AND WILL NEVER GET OUT OF IT!

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