Solgold Share Discussion Threads

[lefrene] 02/6/2019 20:50

Rather looks like this is a group who feel cheated by the government and want redress, and thus playing the system to make themselves heard. Perhaps it's not too late to promise them contract deals when mining starts?



Machine translation
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Wilmer Meneses, a former artisanal miner, leads the popular consultation order to prevent the large scale mineral extraction project from running. It argues that the requirements for dissemination and consultation prior to exploitation were not met. It also ensures that this activity affects tourism and agriculture.

The Constitutional Court should examine whether the citizens of Lita, Goaltal, La Carolina and Jijjón and Caamaño, in Imbabura and Carchi, call a popular consultation to decide at the polls whether the large-scale mining project "Rattlesnake", which is planned to be implemented in the area , be concrete or not.

Who drives this popular consultation request is Wilmer Meneses, self-denominated common Procurator of the four parishes however, Meneses is recognized as a former miner and representative of this guild. He was spokesman for the Ecuamineros group, formed in 2018 by more than 10 associations.

In addition, in 2017 it would have requested a concession of 300 hectares to develop the artisanal mining, order that it did not have effect and was denied. In the judicial field, Meneses has a process for alleged illicit mining activity, which was dismissed by a judge of the Judicial unit of Otavalo arguing that there is insufficient evidence against the now impeller of the popular consultation.

The issue was not corrected since the Court of penal guarantees of Ibarra revoked this decision and called it back to trial. The fact is referred to September 2018 when Meneses was found transporting gold material from a Llurimagua artisanal mine in Imbabura. In his defense he said that the transport was a commission of Beatriz Vega, however, the prosecutor explained that the concession only authorized the exploration and not the exploitation.

Now Wilmer Meneses says he is no longer engaged in artisanal mining, which opposes the Rattlesnake project because the authorities did not carry out the processes of dissemination and consultation prior to exploitation and because this activity affects tourism and agriculture.


The reality of these parishes is that these parishes have been hit by unemployment and people have found in the artisanal and illegal mining a form of economic sustenance, as some of its inhabitants affirm.

Local authorities prefer not to talk about the issue because they recently learned of the request for popular consultation. For example, the mayor of Ibarra, Andrea Scacco, said that on Thursday he met the order that now rests at the table of the Constitutional Court.

The same ensures that the authorities of Mira and Goaltal who do not know that Meneses is the solicitor of the communities.

XB

SOURCE: El Comercio, EcuadorInmediato

[pob69] 02/6/2019 19:54

and more... on Wilmer Meneses Solgold $SOLG $SOLG.L $CGP #ecuador

[pob69] 02/6/2019 19:47

Further Ecuadorian article which details further "interesting" background on Wilmer Meneses Solgold $SOLG $SOLG.L $CGP #ecuador

"...An ex-policeman dismissed for bribery has put the mining industry in check in Ecuador and has provoked a strong reaction from the main union leaders of the country, who demand seriousness and legal security.

This is Wilmer Meneses Ibarra , who in June 2009 tried to bribe other policemen to let him send a truck loaded with 20 gasoline tanks from Lita, in Imbabura, to San Lorenzo, in Esmeraldas. Meneses Ibarra has also been identified by the authorities as one of the leaders of the illegal miners that plague the province of Imbabura and, especially, the small population of La Merced of Buenos Aires..."

[pob69] 02/6/2019 15:32

Interesting Ecuadorian article focusing on the views on the business sector concerning the legal review of interest to Solgold $SOLG $SOLG.L $CGP #ecuador (plus quote by the president and parish local in support of mining).

"...The new popular consultation initiative to define the future of mining in the Jijón and Caamaño parishes , Goaltal (Carchi), La Carolina and Lita (Imbabura) was made public on May 27, when the Constitutional Court declared its knowledge. It is planned that the public hearing to hear the parties is next Wednesday.

In view of this situation, the representatives of the Ecuadorian Business Committee (CEE), the Ecuadorian Chamber of Mining (CME) and the Chamber of Industries and Production (CIP) yesterday urged the Constitutional Court to consider what the legislation establishes regarding the handling of the natural resources . These resources, according to the Constitution , are the responsibility of the Central Government and not of the local or provincial governments. "It is not possible for a group of people engaged in illegal mining activity to call a popular consultation. We have to support formal mining, "said Patricio Alarcón, president of the CEE...."

"...The request of the business sector to the Constitutional Court is added to the one made last May 24 by President Lenin Moreno, during the Report to the Nation..... who asked "...to invite the people to decide where these resources will come from and what sources of financing will replace these revenues,"

"...For its part, the Agricultural Association Livestock Palermo (Asaganp), belonging to the parish Jacinto Jijón and Camaaño , through a statement, reject the representation of Wilmer Meneses, proponent of the request for consultation in Carchi and Imbabura . "We are not part of any association for mining purposes," they said...."

[billthebank] 02/6/2019 12:58

POSTED ON LSE!!!

It is not possible for a group of people engaged in illegal activity to call a popular consultation. We have to support formal mining, "said Patricio Alarcón, president of the CEE.

hxxps://www.entornointeligente.com/sector-empresarial-pide-participar-en-discusin-de-pedido-de-consulta/

"It is not possible for a group of people engaged in illegal mining activity to call a popular consultation. We have to support formal mining, "said Patricio Alarcón, president of the CEE.

The formal mining activity that is currently taking place in the country will represent around US $ 10 billion in revenues until 2021, the CME reported.

Santiago Yépez, president of the CME, said that the companies that work on these projects comply with the regulations, but at the same time requested legal security to develop the projects.

The companies SolGold, Newcrest, BHP Billiton, Cornerstone, INV Metals, Codelco and Hancok Prospecting operate in Carchi and Imbabura. These firms are in charge of so-called second generation projects such as Llurimagua and Cascabel.

For his part, Pablo Zambrano, president of the CIP, announced that the sector will present an appeal of amicus curiae before the Constitutional Court, to intervene in the discussion of the new request for popular consultation.

[lefrene] 31/5/2019 20:47

Yuff, if it's tribal then it's not one disgruntled miner but a whole tribe, and no doubt there are other tribes unhappy with their lot who want to screw a better deal out of the government and this could well turn into the tool to bash the government over the head. One can only hope that those 500 who stand to see their jobs threatened might make their feelings felt, but it should never have come to this.

Very likely personalities have caused a confrontation, and this bloke wants to settle the score because he has lost his living and independence. He can play the 'green card' and pretend he is doing something for the environment, and no doubt there will be plenty of grauniad types very happy to jump on the bandwagon.

The government needs to expose this case as the grudge that it is, and make it quite plain that the country needs money too badly to indulge in 'green' politics.

If the national debt is $52 billion and much of it is owed to the Chinese then it won't be too long before the Chinese government starts to take possession of things as compensation. The Chinese have taken possession of a good many substantial ports in lieu of failed debt repayments. I should think a few copper projects would be just as welcome with an apparent shortage of copper looming. The Chinese government are not going to brook interference in their operations in the way a private company has to tolerate. I'm sure the Ecuador government understands this, hopefully they will get it across to the judiciary so that these blocking things do not appear on ballot papers.

[andrewhbruce] 31/5/2019 19:37

Gary you ask who will bank roll SOLG?

Simple my friend - the Chinese!

AB

[lefrene] 31/5/2019 17:43

They only have to point to Venezuela across the border to see what happens if extreme politics overrides common sense. If they want social improvement then they need money, lots of it and long term, mining will provide it day in and day out. Tourism can be very unreliable and "eco" stuff usually ends up costing rather more than it is supposed to save.

[excellance] 31/5/2019 17:16

I got it from you, ball bag.
As for avatars on here, do you not think maybe ths spelling is intended?
Nice name you've got by the way "bollokov" but that's not spelt correctly either.
No wonder you're losing more cash every day. Try "little big planet" it's perfect for you.

[1garythomas] 31/5/2019 16:28

My money is going to ironridge, great sites, great management team, not a greedy bast-rd like NM, just put in over a million pounds out of his own market, Ghana mining county friendly with over 100 years of mining history, ceo has alreagy forcast Ghana alobe could be worth minimum of 500 million, with a market cap of just 50 million, alot safer and the reward looks alot better than solgold.

[mknight] 31/5/2019 15:37

Blimey pob69

6 months and then what . NM needs to Sell the lot now. And start looking elsewhere in the world .smaller but safer .

[pob69] 31/5/2019 14:55

Intersting read from a global risk management company concerning link between legal and Ecuadorian mining issues of interest to Solgold $SOLG $SOLG.L $CGP #ecuador

"....Although our Government Stability Index projection does not project such a scenario in the coming six months (see below), simmering social discontent - both urban and rural - could yet create a real headache for the increasingly unpopular President Moreno, and damage investor sentiment in the extractives sector."

[dmitribollokov] 31/5/2019 14:10

Where the hell did you get 20% of my capital from you clown?

You can’t spell excellence and chose the word for your name. Tells me all I need to know, filtered.

[billthebank] 31/5/2019 12:59

What's your agenda?

[excellance] 31/5/2019 12:49

Down again...and gold breaking out!

[1garythomas] 31/5/2019 12:22

And one question i woul love the answer to now, is who will lend money to solgold to get this to production now, 18 months until the next general ections, and the opposition government are against mining, who would finance this, when tge plug could be pulled anyday, its tge same with BHP or newcrest who would they bid say 1 billion for some copper and gold that they cant mine. CATCH 22

[mknight] 31/5/2019 11:56

For once i agree with Gary maybe because i am currently out .

Without news flow this may just drop until an offer comes in or permits are recieved so the drilling can give the news flow again .

[1garythomas] 31/5/2019 11:34

Only have to wait until end of year now for MRE3.

[1garythomas] 31/5/2019 11:32

So what about todays drop, anyone noticed 7% down and still dropping.

[mam fach] 31/5/2019 11:24

Sure something was behind yesterdays drop.
Hope no one panicked.
After all there were buyers out there too.

[shakester2] 31/5/2019 10:45

Yes you are right, my comment was flippant and a little tongue in cheek

[lefrene] 31/5/2019 09:47

Maintaining good relations with the locals in such remote places is crucial, I would offer an olive branch of some sort. He might be unpopular with locals, but he's plainly a bit of a go-getter, so some means of bringing him on side would be best.

Having an aggrieved but capable local on the loose could be a long term nuisance, so find out how to get him onboard and persuade him that his best future depends on getting with the programme. He probably resents losing his independence and will not be an 'employee type', so perhaps some sort of small business that provides services to Solg might be the way to go?

One doesn't know the details, but if this has been Solg trying to put somebody in his place, then it has been handled very badly and never should have come to this.

[shakester2] 31/5/2019 09:37

SOLG should be prosecuting him for theft!

[lefrene] 31/5/2019 09:25

I doubt the information that pob69 has unearthed is known to the larger market, it would help if Solg put it on their website as an explanation as an addendum to yesterdays rns.

It would seem unlikely that this mans case would succeed, Solg has brought such benefits to the local community, who would want to lose them? To say nothing of the potential generations worth of well paid mining jobs that will come along. Should we be out there building bars and hotels? :¬)