Good mining projects need a good location
Appropriate rules and tax breaks, for example, attract mining companies to the Andean countries. In Chile, Bolivia, Peru, Colombia or Ecuador this leads to positive consequences with varying effects.
Ecuador, for example, has created new legal regulations that relieve the burden on the mining industry. The new tax system is much more attractive than the old one, because investors can now recover their investments more quickly, according to mining law expert César Zumárraga. The tax system introduced in 2009 led to a decline in interest in investing in the mining sector in Ecuador.
This innovation is likely to delight mining companies operating in Ecuador. These include Aurania Resources - https://www.commodity-tv.net/c/search_adv/?v=298827 - with its Lost Cities project in the Andes in Ecuador. Encouraging mineralization samples of up to 325 grams of silver per tonne of rock, 48 percent zinc and 39 percent lead have already been identified.
Peru is also one of the Latin American countries that benefits from the demand for its raw materials. There is extensive investment in mining, which benefits the country's economic growth. Gold, copper, silver and zinc are mined. Peru is now one of the countries with a higher middle income than other Latin American countries. Peru grows with mining. Investment facilitation laws have already reduced the fees and taxes payable by corporations.
In Peru, for example, Panoro Minerals - https://www.commodity-tv.net/c/search_adv/?v=298798 - is represented with four projects. The Cotabambas copper-gold-silver project and the Antilla copper-molybdenum project are well advanced. All projects are located in the south of Peru.
Up-to-date corporate information and press releases from Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd.html) and Panoro Minerals (https://www.resource-capital.ch/en/companies/panoro-minerals-ltd.html).
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