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Regulations To The Mining Law Signed In

Regulations To The Mining Law Signed In Ecuador

 

VANCOUVER – Corriente Resources reported that President Correa has signed the Regulations to the Mining Law that was proclaimed earlier this year. The Company expects to receive a copy of the new Regulations shortly.

Commented Ken Shannon, Corriente’s President and CEO, "With the Regulations signed, real progress has been made in the development of a responsible mining sector in Ecuador. Corriente now will be able to carry out advanced development work on our projects under these new Regulations. We expect a significant increase in opportunities for members of our local communities who are the key stakeholders in a future which encompasses responsible mining. With the price of copper doubling since the beginning of the year as the global economy recovers, the outlook for the Company’s projects has improved materially."

The company’s address is 520-800 W. Pender St., Vancouver, BC V6C 2V6, (604) 687-0449, fax: (604) 687-0827, email: copper@corriente.com.

 

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