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Re: anski100 post# 18471

Saturday, 11/10/2012 8:35:31 AM

Saturday, November 10, 2012 8:35:31 AM

Post# of 26631
Thanks Anski100, here is translation.

Careful that meaning is not lost. Reopen in Spanish does not mean
put into production, but rather start operations. We have already hired the workers from two little towns close by that we his with 50% unemployment and becoming ghost towns as all the young people left because there was not work. Great news for Petaquilla and Huelva.

Petaquilla Minerals has six months to reopen the mine Lomero-Poyatos

Petaquilla Minerals has six months to reopen the mine Lomero-Poyatos

The Andalusian company granted mining rights for 15 years · The project will create 140 direct jobs and 250 indirect jobs, and generate an investment of 100 million euros
Jordi Landero / El Cerro (Huelva) | Updated 10/11/2012 - 05:02


The Ministry of Economy, Innovation, Science and Job yesterday granted the company Iberia Resources Corporation, owned by Panamanian-Canadian company Petaquilla Minerals, the mining rights of the 13 concessions that make up the old mining group Lomero and others, giving this process a new impetus to the project of reopening the mine Lomero-Poyatos, located virtually in its entirety in the municipality of El Cerro de Andévalo, in Huelva, but with some surface at the end of Cortegana serrano.

This was announced in the town andevaleña the Minister of Economy, Antonio Avila, during a ceremony attended by the presence of the local mayor, the Socialist José Pedro Romero and President of Huelva, Ignacio Caraballo.

Avila explained, this process culminates the Andalusian administrative proceedings after which the company will begin the work of operating the mine within a period not exceeding six months, during which the company will handle the relevant environmental permits , present a feasible mining project along with a restoration plan, prove their economic and financial viability, or deposit guarantees necessary for the restoration work, among other procedures.

The thirteen concessions totaling 176 hectares, where the concessionaire, Iberia Resources Corporation, plans to invest about 100 million euros and create 390 jobs (140 direct and 250 indirect).

According to the counselor said, the duration "baseline" of the concession is 15 years, "but this can be flexible depending on changes in the initial estimate of mineral resources in the reservoir due to the emergence of new technologies for their detection."

According to the economy minister said, "it is a national-scale project that will have an impact not only on the hill of Andévalo, but throughout the region," so that in his words "were taken into account three key strands to the granting of rights of these mining concessions. "

First of all the technical aspects and the economic and financial viability of it, secondly their social guarantees, and finally environmental safeguards not only during the operation of the mine, but also after its completion with a restoration plan.

As for environmental safeguards, Avila said that the whole extraction process "be linked to the existing legislation with the maximum guarantees" and that given that "all mining is finite", once the extraction process " must restore the area, which is also served by the Regional Government of Andalusia. "

A journalists' questions, the Minister of Finance wanted to make clear that the investigation carried out so far to grant mining rights to exploit Lomero-Poyatos "has nothing to do with the grant of any subsidy." In this sense, specified that "then the concessionaire, or any other company, you can always choose to invoke any helpline."

In October the Ministry of Environment granted the Unified Environmental Authorisation (AAU) to this company, step which must unite all the requirements requested by the Administration and related technical solvency or development project, among others, thoroughly analyzed by the Ministry, through the Directorate General of Industry, Energy and Mines and in reliance on the Mining Act.

For his part, Secretary General of the PSOE in Huelva, Ignacio Caraballo, applauded the announcement of the Andalusian reopen the mine Lomero-Poyatos, with particular emphasis on the "Grin Government's commitment to serious projects and guarantee the future of the mining district. "

The head of the Socialists onubenses said that "the socialist government meets the job creation commitments", while stressing that "this project will be launched with all required environmental safeguards" to the concessionaire.

Also, Caraballo emphasized that "once again is the Socialist Party which is sensitive to the problems of the mining, opening new ways to encourage job creation that directly affects wealth and sustainability of the region."

Finally, the Socialist leader qualified that the mining sector "is resurgent in Huelva by leftist politics" and insisted that the Socialists are in mining "an emerging sector again in our province."
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