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Bullboard - Stock Discussion Forum Oroco Resource Corp V.OCO

Alternate Symbol(s):  ORRCF

Oroco Resource Corp. is a Canadian mineral exploration company. The Company is engaged in the acquisition and exploration of mineral properties in Mexico. It holds a net 85.5% interest in those central concessions that comprise 1,173 hectares (ha) (the Core Concessions) of The Santo Tomas Project, located in northwestern Mexico. It also holds an 80% interest in an additional 7,861 ha of mineral... see more

TSXV:OCO - Post Discussion

Oroco Resource Corp > Chile's President-Elect Will Oppose New Mine
View:
Post by Copperking102 on Dec 20, 2021 9:09pm

Chile's President-Elect Will Oppose New Mine

SANTIAGO, Dec 19 (Reuters) - Chilean President-elect Gabriel Boric said on Sunday he will oppose mining initiatives that "destroy" the natural environment, including the controversial $2.5 billion Dominga iron, copper and gold mining project.

During a speech after his electoral victory, he said his government will also expand social rights but will do so with fiscal responsibility and taking care of the economy in the world's top copper producing nation.

"Destroying the world is destroying ourselves. We do not want more 'sacrifice zones', we do not want projects that destroy our country, that destroy communities and we exemplify this in a case that has been symbolic: No to Dominga," he said.

A regional Chilean environmental commission in August had approved Andes Iron's Dominga project after years of wrangling in the country's courts and after the body had previously rejected the proposal.

Comment by Basketfan on Dec 21, 2021 9:50am
Good that Oroco - Santo Tomas -  is in Mexico
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