Trilliant Exploration Corp. announced that it is pleased that Ecuadorian President Rafael Correa appointed Germanico Pinto to the cabinet and welcomes him to his new role as the Oil And Mining Minister of Ecuador.
“Minister Pinto will play a crucial role in helping mining companies, including Trilliant, and we look forward to working with the Ministry in every possible way. As a good standing tax payer in Ecuador we are committed to the long term of building the Mining sector of the country and we see this as a very positive step moving forward,” said William Lieberman, President of Trilliant Exploration.
The Ecuadorian government has said the new mining law approved early this year will open the door to a potentially lucrative and underdeveloped industry in the country and that the country’s mineral potential could amount around $110 billion. Read more
press release:
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/10/09 — Alberta Star Development Corp. (the “Company”) (TSX VENTURE: ASX)(OTCBB: ASXSF)(FRANKFURT: QLD), reports that it has filed a “Notice of Appearance and Request for Special Notice” with the United States Bankruptcy Court for the District of Idaho regarding the Sterling Silver Mining Company and its corporate assets (OTCBB: SRLQE) situated in the Coeur d’Alene, Idaho mining district.
The Company maintains a strong balance sheet and has no long term debt. The Company continues to search for additional cost cutting measures, while maintaining seasoned and qualified management and fulfilling its stated mandate of acquiring a world class advanced stage exploration project. As a result of the severity of the global financial crisis, the Company expects there to be a serious shortage of available capital and exploration risk capital that is available to the resource industry in the foreseeable future. The Company intends to continue to conserve its working capital and review new business opportunities that are being presented to management. The Company’s working capital is invested in short term instruments and are not exposed to any repayment risks associated with short term commercial paper or asset-backed commercial paper. These instruments comply with the Company’s strict investment criteria and policy of utilizing only investment guaranteed instruments that are paid promptly on maturity and are redeemable on demand. Read more