Aclara Resources raises $25m for Carina project in Brazil
Chilean conglomerate CAP, which has invested $80 million in the company's Penco project, will become a new shareholder.
Governments of all levels have been criticized by the slow pace of regulatory approval for mine and exploration permitting. Now First Nations groups, according to an editorial in the Winnipeg Free Press, are levelling the same criticism against the Manitoba government.
Mining development in Manitoba continues in well-worked areas, such as Flin Flon and Thompson, where long-established relationships exist. It has been frustrated in areas of rich potential where First Nations communities want to protect their interests.
Energy and Mines Minister Dave Chomiak says he will bring together the parties to set down those principles to guide discussions so rules are established for when a First Nation becomes involved in exploration and mining activity, something still unaddressed by this 12-year-old government.
