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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Orvana Minerals Corp. is a multi-mine gold-copper-silver company. It is involved in the evaluation, development and mining of precious and base metal deposits. Its assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, and the Taguas property located in Argentina. The El Valle and Carles mines and the El Valle processing plant are a producer of copper concentrate and dore. El Valle is located in Asturias, Northern Spain. The Don Mario Operation is in San Jose de Chiquitos, Southeastern Bolivia. The Don Mario Operation consists of a set of assets that includes Las Tojas orebody, and the previously mined out lower mineralized zone, upper mineralized zone and Cerro Felix mines. The Taguas Property consists of 15 mining concessions over an area of 3,273.87 hectares, held and managed by its subsidiary Orvana Argentina S.A. Taguas is located in the province of San Juan, on the eastern flank of the Andes.


TSX:ORV - Post by User

Bullboard Posts
Post by newbie880on Jul 19, 2013 2:19pm
227 Views
Post# 21618502

Another tidbit.. From August 2010

Another tidbit.. From August 2010Bolivia to Scrutinize Gold Mine Owned by Ex-President

LA PAZ – The Bolivian government announced plans to verify output at a gold mine owned by former President Gonzalo Sanchez de Lozada that officials suspect of understating its production to minimize tax liabilities.

“We’re going to go in to perform the oversight of every last gram of gold they take out of there. Oversight so they pay taxes, and if they don’t comply with environmental norms, we’ll take it back (expropriate the mine),” the director of a regional development agency, Juan Ramon Quintana, told state media.

The Don Mario mine, located not far from the Brazilian border in the eastern province of Santa Cruz, is one of the richest in Bolivia, Quintana said, complaining that employees at the facility have consistently refused to admit government inspectors.

Sanchez de Lozada, a U.S.-educated millionaire mining executive, governed Bolivia from 1993-1997 and became president again in 2002 by a vote of Congress, as that’s year election ended in a virtual three-way tie.

He was forced out of office in October 2003 after security forces killed more than 60 civilians during protests against the government’s plan to export natural gas to the United States and Mexico.

Sanchez de Lozada is now living in the United States and Bolivia’s current president, Evo Morales, has repeatedly asked Washington to extradite the former head of state on charges arising from the deaths of protesters in 2003.

Formerly Morales’ chief of staff, Quintana now heads a program aimed at boosting development and monitoring resource-extraction activities in Bolivia’s border areas. EFE
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