Ecuador looks good agreement Kinross-Aurelian


The Minister of Mines and Petroleum of Ecuador, Galo Chiriboga, said on Friday that the offer to purchase submitted miner Kinross Gold Corp. K. TO ARU.TO by Aurelian Resources Inc. is a positive sign for foreign investment.

In addition, Chiriboga added that the Government of Ecuador does not need to approve the transaction.

"It shows two things: that the country's image abroad is positive on foreign investment and the dialogue process miner has given certainty," the minister said in a telephone interview, referring to the merger of mining.

The official said the long-awaited new mining law will be presented after a referendum to approve the new constitution of Ecuador, which would give greater powers to the president Rafael Correa on the local economy.