Legislation, Potential and Auriferous Promotion

It is favorable to talk about the auriferous mining problem, checking both the professional sinus as well as the political and managerial aspects on the legal mechanisms that through the three law decrees, one legislative decree, five supreme decrees, one ministerial resolution and two directorial resolutions, have been promulgated and emitted in terms of legislation of auriferous mining in the last twenty-eight years, taking the promulgation of the Law of Auriferous Promotion as a starting point.

In all cases, the legislative measures and supreme decrees that through these twenty-eight years have been making files were in one way or another presented as a promotional regime and the incentives of the auriferous mining, signifying this group of legal dispositions which have been emitted approximately at one per year since the L.D. N°22178, Law of Auriferous Promotion.

To talk about the auriferous mining potential that a country dispose of is to talk about showing the great magnitude of the country’s auriferous mineral reserves which can be commercialized to finally outline some forms of promotion that put a significant part of the disposition available into movement

Auriferous Promotion
A new auriferous promotion law that comprehends sufficient encouragement for the investing and development of auriferous mines, completely updated, according to planning is made indispensable.

Presently, the national reserve areas and of No Admission of Denouncing, put a brake the extraordinary measures of promotion in its best time of prices and even though the potential is not lost due to the fact that it remains in its place, the increase of the operational and finance costs, as well as the difficult socio-economical situation in adapted places of jungles, highlands and slowness in the transactions of the mining procedures, slow down the auriferous promotion and the following increase of production, this is a situation which must be overcome in a very short term if we want to reach the reactivation of the auriferous mining and the increase of the yearly production.

A promotional measure will be constituted by the technological training and enabling for the operation with sweeping, having to open new fronts of auriferous exploitation with the tax freedom and credit facility in exchange of the rescue of gold to reasonable and fair prices by the Mining Bank or any other entity which commercializes it.

Facilities for the renewal of equipment and importation of basic insures for the metallurgic treatment constitute at the same time promotional measures.

Measures of exception of the auriferous mining must be dealt with in the settings of an urgent auriferous mining policy, constituting a strategic planning of immediate economic development.

It will constitute a promotional measure to offer facilities for the founding and refining of gold and will dispense the facilities for the mining manager, whatever the size of his company would be with the purpose of availing himself of the favorable price of the market in an immediate lapse.

Finally, we must give constancy that many years have been lost through the expedition of legislative measures and of character related with the auriferous mining, believing that the moment had come for the specific actions of short but secure maturity to be performed.