aurelian resources-POWER-was ist hier los

Aurelian continues to seek clarity from the government regarding the Mining Mandate's specific application to the company's operations and will issue updates as information becomes available.

About Aurelian

Aurelian Resources Inc. is a publicly-listed (TSX:ARU) company engaged in exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project, located in south-eastern Ecuador.

The initial Inferred Resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. Visit www.aurelian.ca for more information.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralisation and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

FOR FURTHER INFORMATION PLEASE CONTACT:

Aurelian Resources Inc.
Marla Gale
Investor Relations
(416) 868-9100

Email: mgale@aurelian.ca
Website: www.aurelian.ca

justanother point of view ... aus stockhouse ....

January 9, 2007
Crystallex post-Chavez remarks, Tues., Jan. 9, 2007, 10:06 AM
As stated earlier, I cannot understand why Bloomberg and Dow Jonesmedia is making an inference that assets would be confiscated by theVenezuelan government similar to Cuba under Castro. SEE ADDENDUM

These writers have failed in their duty to disclose that whenVenezuela nationalized oil assets many years ago, the government'strack record of payments at fair market value was exemplary.

In the case of minerals and hydrocarbons assets, these are already owned outright by the State.

With respect to Crystallex, the mining administrative contract forLas Cristinas was signed between the Venezuelan government andCrystallex over five years ago, and to this day the agencies ofgovernment and Crystallex management are working toward the finalenvironment permit required to begin operating a mine there.

That mining agreement is subject to the Protection of Trade Treatybetween Venezuela and Canada with rights to international arbitrationunder the Washington-based International Center for Settlement of Investment Disputes (ICSID), which is part of the World Bank.

So, nothing has changed. Nothing will change. There is no reason tosell the stock. A possible short squeeze may in fact be reason to buythe stock here at US$3.16.

Crystallex has the right to mine a world-class asset; it is a fitand proper guest in Venezuela. It has excellent management. It has abusiness model that leads me to believe the stock will trade overUS$10/share once the final permit has been received and other miningcompanies bid to acquire control, which is highly likely.

End of story re Crystallex.

Bill Cara

- Deferral of FDN Scoping Study and Updated Resource - Limited work will continue on Aurelian's Scoping Study and updated resource for the Fruta del Norte gold-silver deposit. However, it is anticipated that the final reports will not be released until after the mining law is in place thus defining the fiscal regime and therefore the costs of development and production.

Mr. Anderson concluded, "Our project has received strong support from local communities in Ecuador. We regret the effect the Mining Mandate will have on our employees and their families as well as suppliers and the larger community. We remain committed to Ecuador, our local communities and our employees and look forward to the day when the law will permit us to work together to build a world class mine of which we can all be proud."

About the Mining Mandate

The Mining Mandate was adopted by Ecuador's Constituent Assembly on April 18th, 2008. An unofficial English translation of the new Mining Mandate prepared internally by the Company is available on Aurelian's website at www.aurelian.ca.

Some of the major features of the Mining Mandate that may have an impact on the Company are as follows:

- The Mining Mandate limits mining companies to holding a maximum of three concessions. Should this apply to Aurelian, the Company will retain title to the single concession containing the Fruta del Norte (FDN) epithermal gold-silver deposit, as well as two others that Aurelian believes contain the most prospective geology for additional epithermal discoveries. Aurelian will seek to protect all investments made to date at its other concessions that it has been actively exploring since 2003.

- The Mining Mandate invokes an immediate 180-day suspension of activities on virtually all mining concessions in Ecuador while a new mining law is drafted and adopted. Aurelian is awaiting formal notification from the Ministry of Mines and Petroleum of the effects of the Mining Mandate on the Company's operations, as defined in the final provisions of the mandate.

The Company is engaged in ongoing consultations with its legal counsel and officials in Ecuador to determine the scope and impact of the Mining Mandate on the Company's exploration and mining activities in Ecuador. While the Company has made efforts to ensure that the information contained herein is accurate and correct, the information provided by the Company is subject to uncertainty as well as ongoing developments and changes, and may not reflect future mining laws enacted in Ecuador or the manner in which the Mining Mandate is interpreted or implemented. The interpretation and implementation of the Mining Mandate may g

Toronto-based Iamgold's (IMG.TO: Quote, Profile, Research) general manager, JorgeBarreno, told Reuters the company is reviewing its investmentbudget in Ecuador to decide whether to cut its 120 employeesthere. Iamgold owns the Quimsacocha gold deposit, whichcontains an estimated 3.3 million ounces.

A Corriente Resources (CTQ.TO: Quote, Profile, Research) executive said the companyemploys 150 people in Ecuador and is waiting for governmentinstructions before deciding on layoffs.

Dynasty Metals & Mining (DMM.TO: Quote, Profile, Research), which employs about 350in the country, said it had not released anyone and has nothalted activity yet, but was reviewing the situation daily andwaiting for official orders from the government.

Ecuador's private mining chamber, meanwhile, said itexpects about 2,000 workers at the largest exploration firms tolose their jobs during the freeze.

Ecuadorean Oil and Mines Minister Galo Chiriboga saidduring a meeting with mining firms on Monday that thegovernment could put some workers on the state payroll to buildroads.

SHARES TUMBLED

The government decree -- under which Ecuador will revokemost mining concessions but allow each company to choose threeto keep -- sent shares of Aurelian and other companies activein the region tumbling when it was announced more than a weekago.

Since then, Ecuadorean President Rafael Correa has met withrepresentatives of the companies to give assurances on thefuture of mining in the country, a move that prompted a modestrebound in the stocks, although many are still trading ataround half their value of two weeks ago.

Aurelian shares fell 54 Canadian cents, or 11.8 percent, toC$4.02 on the Toronto Stock Exchange after its announcement onTuesday.

Haywood Securities, which cut its price target on Aurelianshares following the initial news of the mining freeze, movedit back up a bit on Tuesday, to C$3.60 from C$1.40, citing thegovernment's moves to downplay the impact of the mandate.

Dynasty's shares were down 50 Canadian cents, or 12.6percent, at C$3.48, while other Toronto-listed players werelittle changed.

The government says a new mining law could be ready by lateMay, and it has started a series of meetings with mining firms,environmentalists and communities to draft the law.

Foreign miners say the exact extent of the decree is stillunclear, but the government has signaled its support for bigprojects that could benefit the poor country with billions ofdollars in revenues.

($1=$1.01 Canadian)(Additional reporting by Alonso Soto in Quito; Editing byPeter Galloway)

scheinbar machen doch drei companies "business as usual", da die Verordnung zwar beschlossen, aber nicht angeordnet wurde ... sowas gibts auch in GER ... also haben cannacord und dundee da scheinbar bessere infos ... still risky, but there is light at the ned of the tunnel ... check this out:

incakolanews.blogspot.com/2008/04/...t-ecuador-mining-180.html
Tuesday, April 29
The strange thing about the Ecuador mining 180 day "stop work" order....
...is the way that it doesn't seem to exist.

Ifyou remember, back a couple of Fridays ago when the ConstitutionalAssembly passed its mandate, one of the articles was "everyone downstools for the next 180 days". Assembly head Alberto Acosta evenmentioned some of the Canadian miners by name after the vote, sayingthat they'd have to stop right now. So far, at least three companieshave made it abundantly clear that their work is continuing as normal.

1) Corriente Resources (CTQ.to) that has consistently said "business as usual" as they prove up their large copper project at Mirador.

2) AurelianResources (ARU.to), my favourite Ecuador stock has sent mails toshareholders that say it is still drilling and working at Fruta delNorte.

3) Dynasty Metals(DMM.to) played host to Studmuffin Correa over the weekend, and wasclearly working away in front of the President's own eyes.

Somebodymailed me on this subject today, and so your humble Otto made a coupleof discreet inquiries on the matter. And the upshot of it seems to bethat to put the decree into action, Ecuador's Ministry of Mines andPetroleum has to sign a so-called "execution order" which is then sentto the relevant mining company telling it to stop what it's doing.Until this order is signed and delivered, the mining company is in itsrights to continue working. The thing is that apparently thoseexecution orders have not been signed and delivered by mining ministerGalo Chiriboga.

Why that is so is another story, and frankly Idon't have the reason nor do I have any sourced scuttlebutt on it. Butafter seeing Correa get the guided tour of the DMM project, there'slittle doubt that the Prez knows full well that the miners are working.Is there some sort of collusion between Correa and Chiriboga to ignore(for as long as they can) the assembly mandate article? That'dcertainly be my best guess....what do you think?





UPDATE (9 am): Well, I dunno whether to laugh or cry....either way my timing sucks

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Aurelian Suspends Drilling as Required by the Ecuador Mining Mandate
Tuesday April 29, 8:47 am ET

TORONTO, ONTARIO--(Marketwire - April 29, 2008) - Aurelian Resources Inc. (TSX:ARU - News)today announced that the Company is obliged by order of the MiningMandate to reduce its operations and workforce. The previouslyannounced Mining Mandate, effective April 18, 2008, ordered a halt tomining activities on concessions, including drilling, exploration anddevelopment.

Yada yada yada................(rest of the PR here)

Gute Analyse zur politischen Situation in Ecuador ... am 24.05 soll die xte Verfassung auf den Tisch ... was drin stehen könnte und warum sagt dir gleich das Licht ... ;-)

ttp://www.globeinvestor.com/servlet/story/...80505.woxfordanal0505/GIStory/


Breaking News from The Globe and Mail

Ecuador: Mining contracts will be re-negotiated
OXFORD ANALYTICA

Monday, May 05, 2008

SUBJECT: A moratorium on mining and cancellation of concessions.


SIGNIFICANCE: All mining activity has been put on hold whilestakeholders determine how they are affected. Markets reacted swiftlyto the news with share prices of foreign companies operating in Ecuadordropping dramatically.


ANALYSIS: Ecuador's constituent assembly has released a mandatein which over 3,000 mining concessions are either cancelled orsuspended without compensation or legal recourse for those affected.The mandate calls for the revocation of all mining concessions where:the concession is located within national parks or environmentallysensitive areas; the owner of the concession has not made anyinvestment since December, 2007; the concession does not yet hold anapproved environmental impact study; the concession holder hasoutstanding obligations to the state, including those related to taxesor patents; and the concession holder is a former employee of theMinistry of Energy and Mines or relative of a former employee.

It also states that no one individual or entity can hold more thanthree concessions, and all medium and large-scale mining operationsmust discontinue operations and re-negotiate contracts. New contractswill require royalties to be paid to the state and must conform to thenew constitution and mining law, both of which are expected to comeinto effect within 180 days. The mandate also calls for the creation ofa state mining company that would take part in all future miningactivities.


Motivation. The mandate cited the need for a mining moratoriumdue to environmental damage and poor compensation for the state andlocal communities. While the constituent assembly wants to ensure thatmining operations are carried out in line with the new legal framework,political factors primarily motivated the decision:

The government believes many concessions were obtained illegally, andpeople close to certain former presidents and government officialsbenefited disproportionately.

Although the ruling Alianza Pais movement represents a wide range ofinterests, the mining decree conforms to the common goal ofre-distributing wealth by preventing concentration of the country'sresources in the hands of a few individuals or companies.

Destabilizing the mining industry could be interpreted as an attempt toweaken mining companies' positions when they begin to re-negotiatecontracts.


Foreign companies. Numerous foreign companies that currentlyare involved in, or have completed, exploration – including Canadianjunior mining companies Aurelian Resources, Corriente Resources andIamgold – must delay operations for at least 180 days. As a result,their shares dropped dramatically following the announcement. They arenow seeking to determine how the law will affect their operations: Allcomplain that they were left out of the process of drafting the decreeand claim it has surprised them.

Some have stated publicly that they will continue to operate in Ecuador even if their number of concessions is limited.

Others are hoping that medium and large-scale foreign companies will be exempt from the provision under the new mining law.

The government has attempted to reassure companies by immediatelyinviting them to contribute to drafting the new mining law. The largestmining companies have met President Rafael Correa to discuss concernsabout the mandate and make suggestions about the new mining law.


Political divisions. Mining is a deeply divisive issue withinAlianza Pais: Correa has claimed to be in favour of responsible miningthat provides fair royalties to the state, significant benefits tolocal communities and respect for environmental standards.

The constituent assembly president, and former minister of energy andmines, Alberto Acosta, believes that protecting the environment shouldbe prioritised over economic gain.

The two may find a compromise through a national referendum on whetheropen-pit mining should be allowed, at the same time as a vote on thenew constitution. If voters rejected a ban, Correa would have a mandateto invite future mining operations. However, the likely outcome remainsunclear: Correa's high approval ratings and repeated electoralsuccesses mean his position could be favoured, especially given thetechnical nature of the issue and its lack of relevance for mostEcuadorians.

Nevertheless, Alianza Pais would avoid giving the referendum a high profile to avoid drawing attention to divisions.


Protest potential. Although Correa came to power with thesupport of a large part of Ecuador's indigenous peoples, manyorganizations representing this constituency have threatened widespreadprotests to demand an end to mining: Correa has verbally attackedpopular indigenous rights and environmental activists who support suchmeasures, and challenged them to contest his authority in the nextpresidential elections.

He promised to use force against anyone who impedes mining operations,as he has done in the past with groups whose protests temporarilystalled oil production.

By suspending mining operations, the decree allows Correa to postponeconflicts with indigenous and environmental groups and avoid clasheswithin his own party until after elections. Although the law willreassure anti-mining voices in the short term, protests probably willresume after mining resumes. However, Correa hopes that by winning asecond mandate he would be able to use his electoral success todiscredit and dismiss protesters.


Oil similarities. If the current government position resemblesits recent approach when dealing with foreign oil companies, the decreeprobably is an attempt to alarm mining companies and strengthen thegovernment's hand in future negotiations:

The government in November announced a new oil-revenue windfall tax, then offered to re-negotiate contracts.

It maintains that oil contracts are temporary until the new constitution is drafted and approved.

The government may be planning a similar strategy with miningcompanies. Correa calculates that: high prices and strong demand forminerals will discourage mining companies from leaving and encouragemore investment; foreign investors will respond favourably to a higherroyalty regime if the government proves reliable, and promotes law,order and a stable investor environment; and if successful, he would beable to take credit for making mining more profitable for the state.


CONCLUSION: The mining moratorium reflects Correa's desire toimpose his government's terms, conditions and legal framework. The newconstitution will enshrine indigenous peoples' right to be consulted onoperations in their territories. In addition, the government will writea mining law with stronger royalty provisions and environmentalstandards, and hold a referendum on banning open-pit mining.Large-scale mining companies will have the opportunity to re-negotiatecontracts with the state and eventually are likely to accept governmentconditions.


From the Oxford Analytica Daily Brief

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