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Monday, December 06, 2010 12:01:11 PM
Once they obtained financing this spring,they decided to permit additional areas-as per June 7 PR:
"Working on land usage permits for all 4 ore bodies,which includes "2 iron ore bodies on the south side(across the river)of the concession will also be permitted... and the land usage for Baja #4..."
Aug 6 PR "it is expected all mining permits will be issued within the next 2 weeks".
Don't know how Mexico determines the price for these permits,but once the land usage is decided(which was done years earlier when the mining concessions were issued),in a society that recognizes private property rights,the issuing of permits subsequent to the earlier land usage determination is just a matter of red tape and bonding. I was President(10 years)and chief negotiator/land use planning(17 yrs)for a land management/acquisition organization in the U.S..
Permit fee could be based on hectares involved or estimated reserves,if known.
Baja 14 reserves were estimated at up to 20 million dmt;the new ore body S of river I believe est 1 million dmt,Baja 4 I don't remember but may state on website.
Throw in the usual price hike surprises and I estimated permits cost up to 200k or more,but could've been less if there was a discount for permitting all 4 ore bodies under the same permit process.
This doesn't count whatever costs were incurred years earlier when the govt made the land usage decision that resulted in the issuing of the mining concessions. That's when the real battle for and determination of land usage is fought,which involves various govt dept/planning agencies approval and often public hearings.
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