Business
Para Appoints Javier Cordova Unda, Former Minister of Mines for Ecuador, as Special Advisor for Business Development
Vancouver, British Columbia--(Newsfile Corp. - May 10, 2018) - Para Resources Inc. (TSXV: PBR)...
About this update from Soma Gold Corp.
[{"type":"text","content":"Para Appoints Javier Cordova Unda, Former Minister of Mines for Ecuador, as Special Advisor for Business DevelopmentVancouver, British Columbia--(Newsfile Corp. - May 10, 2018) - Para Resources Inc. (TSXV: PBR) (WKN: A14YF1) (OTC Pink: PRSRF\") (the \"Company\" or \"Para\") is pleased to announce that Javier F. Cordova Unda, until recently the Minister of Mines for Ecuador, has been appointed as Special Advisor for Business Development. Javier Cordova Unda was the first Minister of Mining of Ecuador serving from February 13, 2015 until January 30, 2018. One of his main objectives was to strengthen the institutional framework and direct public policy in the mining sector of the Andean country.Under his administration, the development of the Ecuadorian mining industry has been his cornerstone, positioning the country as the new mining frontier in the region. In addition, legal, tax and competitive conditions were created to attract foreign investment and develop responsible mining. With this, the objective has been to boost the mining sector and the socio-economic development of all Ecuadorians, and fundamentally of those who live in the areas of influence of the mining projects through the mechanism of use of anticipated royalties. Likewise, former Minister Cordova promoted the fulfillment of important institutional achievements. Some of them include the beginning of large and medium scale mining, with the strategic mining projects Mirador and Fruta del Norte in Zamora Chinchipe, and Río Blanco in Azuay. Additionally, the opening of the mining territory allowed progress in the process of granting concessions under the auction modality, with significant investment commitments from the world's largest mining companies. On the other hand, no less relevant is Mr. Cordova's role in working and promoting the formalization and regularization in the small-scale mining regime.The milestones reached in these 3 years have been recognized both nationally and internationally, when in 2017 the country received an award as the best regional destination for exploration as well as the most innovative nation in the global industry. These awards were received in the framework of the Mines & Money Americas and Mines & Money London, respectively. Also, in that year, Cordova was acknowledged as one of the 20 most influential people in the...