NEWS: Court Hearing and New Mining Policy Further to the announcement on 30 May 2019, SolGold confirms that submissions for a public hearing were received and heard in the Ecuadorean Constitutional Court yesterday regarding the proposed referendum on mining in the provinces in which SolGold’s 85% owned Cascabel project and other wholly owned exploration projects are located. Representatives from a large number of Ecuadorean government bodies, employees, regional community representatives, pro-mining groups, international mining groups as well as members of the community from Cascabel attended the hearing to demonstrate their strong opposition to the proposal.
The Court heard arguments from many interested parties with the great majority opposing the proposed referendum. The Court subsequently adjourned and is expected to deliver its verdict by 24 June 2019. SolGold will provide a further update to the market in due course.
Furthermore, SolGold is pleased to note that the Vice President of the Republic of Ecuador, Otto Sonnenholzner, earlier this week launched a new Mining Policy for the country. The policy has six limbs, seven strategic objectives and seven public policies, all designed to strengthen investment and increase production in the mining sector as well as setting out a framework for environmental and social sustainability. The Vice President noted that the Government is supportive of the mining industry and described the sector as a fundamental axis of the country’s economy.
The Cascabel project is a key project in Ecuador’s developing mining industry and a critical driver for the future of Ecuador’s economy in the view of the government. SolGold continues to receive full and objective support from the Ecuadorean government.
https://cdn-au.mailsnd.com/6996/izvxwv4KM_dahkaLuAecYeYNMeikTW9uz0k9pPO5O0Q/2233515.pdf