This is from last October. Since then an acceptable mining law is much closer to fruition. So if anything the risk is much lower now as Tye Burt has said after his meetings with senior officials.
These majors need ozs. more than ever now. Look at the list below folks. Do you think that most if not all of the below companies haven't spent all day and night discussing Aurelian and a potential bid?
| FT Mergermarket says Newmont, Barrick interested in Aurelian Resources |
Citing sources close to the situation, FT Mergermarket reported earlier today that after recently confirming the discovery of one of the largest gold deposits in the world, located in Ecuador, Aurelian Resources has drawn the attention of Newmont Mining and Barrick Gold. The paper adds that other industry players such as Yamana Gold, NovaGold Resources and Kinross Gold are also understood to be interested in Aurelian. However, the article notes that the potential acquirers are waiting to make a move until they are able to get a better handle on constitutional changes in Ecuador under the country's new president, Rafeal Correa.
