Plateau Energy Metals Inc. PLUUF

RE:Macusani Yellowcake appealed INGEMMET's Resolution

[juanPeru]

Update: INGEMMET just issued the Presidential Resolution raising the file to the Mining Council, and as expected the "Ubicacion" column in SIDEMCAT has changed to "Consejo de Mineria". So now we are at step 2 of the process:

juanPeru wrote:
The whole process can be describen by the following "steps" and times:

1. INGEMMET's legal team prepares its report and "issue" a Presidential Resolution raising the file to the Mining Council. This could take a month.

The resolution above mentioned will be published on SIDEMCAT. This could take a month after the resolution is issued, but the "Ubicacion" column will be updated immediately, changing from "Direccion de derecho de vigencia" to "Consejo de Mineria" (Mining Council) because this would indeed be the new location of the file.

2. Mining council receives the file and deliberate, listening to the two parties in several sessions and applying a very wide set of legal base to take a final decision. This could take 6 to 12 months.

3. If Mining Council revokes INGEMMET's Resolution then PLU retains all of the 32 "expired" mining claims and we are in the best of all worlds.

4. If Mining Council ratifies INGEMMET's resolution then the Company has 3 months to appeal before the Judiciary. I'm not sure how many instances are there, but if the Company were to lose at all instances (which could take years) then I guess INGEMMET's Resolution would be definitelly ratified and sent to the Public Mining Registry. Even then PLU would be on its right to appeal before the ICSID (International Centre for Settlement of Investment Disputes) were it could win as was the case with Santa Ana (Bear Creek), but I prefer not thinking much about this scenario.