$AEXE - Breaking News - AIM Exploration Announces Local Community Unanimously Accepts AEXE's Anthracite Coal Mining Project
BEVERLY HILLS, Calif., Nov. 19, 2014 /PRNewswire/ -- AIM Exploration Inc. (AEXE), operates as a junior mining company focused on global mining, exploration and production. Further Information on our projects can be found at www.aimexploration.com. AEXE is pleased to announce Lajon Village's unanimous acceptance of AEXE's plan to start Anthracite coal production.
A requirement of the Peruvian Government is for the local community to accept any mining project that is being developed in its area. The council for Lajon Village has accepted the development of the Mine. To prevent any future disruption of mining activities should a new council be elected, AEXE has taken preventative action by explaining the project to all residents. More than 80% of the area residents have signed off on the project.
In addition, majority of the local Artisan Miners who are currently mining on the properties signed Independent Contractor agreements with AEXE to mine the existing 20 tunnels on AEXE's property. AEXE will be able to go into production as soon as all government approvals are obtained. AEXE expects the Government approvals by first quarter 2015.
"Aim Exploration is very pleased with these two developments. Not only is this good for the local community but it is great news for the shareholders of AEXE. The local community will benefit from increased employment, better infrastructure and a better local economy. The Shareholders of AEXE should see a benefit to the share value and the development of a solid mining company. This is a win for all involved," stated J.R. (Bob) Todhunter, President.
