Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
TORONTO, Jan. 19, 2012 /CNW/ – Solid Gold Resources Corp. (“Solid Gold”) (TSXV: SLD) reports that it has served notice of motion for leave to appeal the decision of the Superior Court of Ontario rendered January 3, 2012.
The leave to appeal motion asserts that there are several reasons to doubt the correctness of the decision and that, among other things, the ruling made by Madam Justice Brown squarely conflicts with the decision of the Supreme Court of Canada in Haida Nation v. British Columbia, which held that third parties cannot be held liable for failing to discharge the Crown’s duty to consult and accommodate.
Business of Solid Gold Resources Corp.
Solid Gold is a junior mining exploration and development company, which controls a +/-200-square-kilometer prospect hosting potential for discovery of economic mineralization at Lake Abitibi near the Porcupine Fault zone in Northern Ontario.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Solid Gold Resources Corp.
Tel: 905-882-4780 / 604-638-4960
Fax: 604-608-6163
Email: [email protected]
