Ecuador's government announced today that it has authorized a twelve companies to resume its advanced mining exploration activities were suspended since 2008, the Ministry of Natural Resources Non-renewable.
Deputy Minister of Mines, Luis Bustamante, said that these companies had submitted applications for resumption of work, but said they "have to meet certain parameters on environmental issues (care) and water diffusion in the zones of influence each of the projects.
Bustamante said that "once they have all that, the ministry allowed to resume work on the stage they are suspended."
added that after serving with the provisions of legal regulations, companies may join three others that have received the respective licenses, in reference to the Canadian ECSA-Ecuacorrientes, Aurelian and Kinross Gold Condor.
"The ministry is open to make possible the resumption of mining activities at the national level," said the senior official, which stated that the main objective is to promote mining development throughout the country.
However, he stressed that for operations, "Obviously, companies must meet legal regulations, especially environmental and social responsibility.
New Mining Law in Ecuador, adopted in January 2009, establishes a strong environmental and social standards, but the standard has been criticized by environmentalists and indigenous groups, who fear that the exploitation of minerals affecting their communities and environment.
Deputy Minister of Mines, Luis Bustamante, said that these companies had submitted applications for resumption of work, but said they "have to meet certain parameters on environmental issues (care) and water diffusion in the zones of influence each of the projects.
Bustamante said that "once they have all that, the ministry allowed to resume work on the stage they are suspended."
added that after serving with the provisions of legal regulations, companies may join three others that have received the respective licenses, in reference to the Canadian ECSA-Ecuacorrientes, Aurelian and Kinross Gold Condor.
"The ministry is open to make possible the resumption of mining activities at the national level," said the senior official, which stated that the main objective is to promote mining development throughout the country.
However, he stressed that for operations, "Obviously, companies must meet legal regulations, especially environmental and social responsibility.
New Mining Law in Ecuador, adopted in January 2009, establishes a strong environmental and social standards, but the standard has been criticized by environmentalists and indigenous groups, who fear that the exploitation of minerals affecting their communities and environment.
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