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Cerro de Pasco Resources Signs Definitive Agreement with the Quiulacocha Community
Cerro de Pasco Resources Signs Definitive Agreement with the Quiulacocha Community ...
About this update from Cerro De Pasco Resources, Inc.
[{"type":"text","content":"\n\n\n\nCerro de Pasco Resources Signs Definitive Agreement with the Quiulacocha Community\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTREAL, Oct. 17, 2019\n\n\n\nMONTREAL, Oct. 17, 2019 /CNW/ - Cerro de Pasco Resources Inc. (CSE: CDPR) (OTCMKTS: GPPRF) (Frankfurt: N8HP) (\"CDPR\", or the \"Corporation\") announces that following the September 15th Quiulacocha Rural Community's decisive vote in favor of CDPR and numerous subsequent meetings, it finally signed a Definitive Agreement with the Quiulacocha Rural Community before the notary of Pasco, Julio Blas Alipázaga, dated yesterday, October 16th, 2019. \n\n \n \n\n \nThe Agreement provides CDPR with rights of use over 77.54 ha. held by the Quiulacocha Rural Community for developing the \"Quiulacocha\" project, and the \"social license\" to develop exploration and reuse activities within the \"Quiulacocha\" tailings, located within and beyond the \"El Metalurgista\" concession. In addition, the Community will help CDPR to attain all the necessary authorizations from the mining authority for developing the \"Quiulacocha\" project.\nFurthermore, the Agreement sets out guidelines under which the Community and CDPR will join forces to take forward the environmental remediation measures which will apply once the \"Quiulacocha\" project starts.\nBenefits include an increase of local employment, special royalties for the Community and a new source of revenue for the Central, Regional and Local governments, which can be reinvested in works that benefit the entire population.\nExecutive Director of CDPR, Manuel Rodríguez-Mariátegui, affirmed that \"next steps with the Ministry are expected to accelerate with the formalization of this landmark agreement\". \nCerro de Pasco Resources Inc.Cerro de Pasco Resources Inc. is a resource management company attuned to the most demanding environmental, social and legal compliance required by global institutions and investors. The key strategic strength of the Corporation is an unparalleled knowledge of the challenges and opportunities presented by th...