AGL Aguila Copper Corp

Aguila American Gold Limited ("Aguila") or (The "Company") or (TSX VENTURE:AGL)
Reports;


On July 28th, 2011 president-elect Ollanta Humala will be sworn in as the next
President of Peru for a 5 year term. Along with this ceremony, the new Peruvian
Parliament will also begin to take their seats. Incoming President Humala's
party mandate represents approximately one third of the Parliament in a
democratic country where 32% of population are currently living in poverty. Both
leading presidential candidates cited; "the elimination of extreme poverty" as
one of their top priorities during their presidential election campiagns.


Since the federal election results were announced on June 5th 2011, major mining
companies with operations in Peru have begun to relay confidence in
president-elect Humala's vision for socio- economic development alongside a
burgeoing domestic mining industry. A recent Thompson Reuters report released on
June 8th, 2011 cited comments from top economic advisors of the president-elect
Humala reiterating assurances to soundly manage one of the world's
fastest-growing emerging market economies.


A July 7th article published on Bloomberg.com also cited positive commentary
from, the president of the National Society of Mining, Petroleum & Energy in
Peru, Mr. Pedro Martinez. Mr. Martinez also highlights president-elect Humala's
intentions to meet with mining companies and continue open discourse on the
windfall profit tax of producing mining companies (as opposed to a previously
proposed "unilateral corporate tax"). According to the article, key
representatives will meet with Humala's advisors to reach a solution that will
seek to support the competitiveness of Peru's national resource industry.


"We must be very careful with tax policy as the key for investors is
confidence," Martinez told reporters in Lima. "If we don't send clear signals to
investors that this growth model will continue, we'll be shooting ourselves in
the foot." The article also noted that representatives from the industry group
will meet with Humala's advisers to reach a "technical" solution that will allow
the Peruvian resource industry to compete with other top nations such as; Chile
and Canada.


In addition to positive commentary from senior parliamentarians, Congress in
Peru has also recently enacted a law which will create an additional retirement
pension fund for miners. The bill will be funded by a 0.5% levy on workers
payroll and another 0.5% on corporate profits thereby recognizing the demands of
local miners who had threatened to strike if the bill was not passed.


Positive post-election reports have also stemmed from major producers with
operations in Peru. Xstrata Mining (XTA.L) and Buenaventura (BVN.N) have both
publicly reaffirmed their intent to proceed with a combined $8.7 Billion in
capital investments dedicated to the advancement of their gold, copper and
industrial mineral exploration and production projects in Southwestern Peru.
Xstrata latest major Peruvian development project, the Las Bambas Mine, is
located less than 25 km from Aguila's flagship gold property; Angostura. Such
encouraging industry reports have further strengthened the general confidence in
the direction of the evolving poli-economic climate in Peru.


CEO and President, John Huguet observes that; "the abundance of natural riches
in Peru is particularly evident in the mining sector, where the strength of
commodity prices and precious metals prices continue to contribute significantly
to robust GDP growth in the country. Incoming President Humala has stated that
working with corporate interests in the mining sector to negotiate a means to
distribute windfall profits as mechanism to relieve, and address, the extreme
poverty is top objective of his future administration. To date the major
producers in the mining sector in the region have all voluntarily contributed to
this approach."


"With over 40 billion dollars of new capital expenditures slated for development
of key mineral resource projects in Peru, we anticipate the national mining
industry to continue to be governed by the democratic rule of law. In doing so,
we anticipate effective stabilization agreements will be honored and a properly
negotiated settlement will be achieved whereby the needs of the Peruvian people
and the needs of the investment community will both be addressed and come away
from the negotiating process with a mutually beneficial solution."


President John Huguet is an established senior executive in the resource
industry who has worked, and invested, in Peru through seven Presidential terms
and has served as the President of the Vancouver chapter of the Peruvian
Canadian Business Council since 1994.


About Aguila

Aguila American Gold Ltd. is an emerging gold exploration company, with an
experienced geological and executive management team focused on advancing and
developing their flagship prospecptive gold project; Angostura. This highly
prospective gold property is located in the Department of Apurimac, in
southwestern Peru.


Angostura rests on a prolific mineral trend, approximately 25km from the Las
Bambas Mine, a 4.5 billion mineral production project spearhead by Xstrata
Mining. The Angostura Gold Project is comprised of eight mineral exploration
concessions where recent exploration programs have identified two key
mineralized zones along a 4.8km surface strike and where surface sampling and
trenching has exposed mineralized areas up to 75m wide (open in all directions).

Aguila Copper (TSXV:AGL)
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Aguila Copper (TSXV:AGL)
過去 株価チャート
から 12 2023 まで 12 2024