- Apoyo abrumador de la comunida Ollachea en la ratificación.
- Incluye el desarrollo y la operación de la mina.
- Los programas establecidos para la comunidad continuarán.
- El acuerdo ratifica el 5% de participación en el capital de la comunidad de Ollachea, cuando la producción comience
- Completa factibilidad en curso para una mina de bajo costo de operación, larga vida útil.
Highlights:
- Overwhelming support by the Ollachea community in ratifying 30 year Surface Rights Agreement
- Includes development and ensuing operating mine
- Established community programs to continue
- Agreement ratifies 5% equity participation by the Ollachea community when production commences
- Full feasibility in progress for a low operating cost, long life mine
"This Agreement represents the commitment between the Community of Ollachea and Minera IRL to work as strategic partners in the development of the Ollachea Gold Mine," said Courtney Chamberlain, CEO of Minera IRL Ltd.
Minera IRL will continue with the community programs commenced during the past five years. These include health, education and sustainable development programs. Of particular importance, going forward, will be the provision of educational personnel and infrastructure to train local residents in specialized mining related skills to support the future operation. The Company will also assist in the development of community enterprises for the provision of goods and services.
The new Agreement also ratifies the commitment in the original 2007 Surface Rights Agreement to grant the Community of Ollachea a 5% equity participation in the subsidiary company Minera Kuri Kullu SA, which holds the Ollachea leases, upon the commencement of commercial production.
"The success of this agreement represents an example of transparent dialogue, commitment and a concerted effort between our Company and the Community of Ollachea." said Dr Diego Benavides, President of Minera IRL SA and Minera Kuri Kullu SA. "This is an outstanding example of social inclusion in mining activities in Peru."
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