Gaceta Oficial gives legal status to Mibam revocation of Hecla's gold-mining concessions in southeastern Venezuela

VHeadline Venezuela News reports: According to the Tuesday edition of Venezuela's Gaceta Oficial (official legal gazette), the Ministry of Basic Industries & Mines (Mibam) has officially rescinded, with immediate effect, a gold-mining concession awarded to USA-Idaho-based Hecla Mining. Hecla had, however, submitted an application at the beginning of July waiving their extraction rights extraction to the La Isidora and La Camorra mines in southeastern Bolivar State.

Mibam also announced in today's publication that it had accepted the "resignation" of Hecla's mineral rights and that former Hecla facilities and equipment at the mine ate now in the hands of a government tax inspector. The Ministry, however, is at pains to emphasize that the resignation does not release Hecla from full and final payment of all sums due in respect of taxes, fines and default interest. No amount has been stated.

Hecla Mining -- based in Coeur d'Alene, Idaho -- said in June that it was selling its Venezuelan subsidiaries to the Russian-owned Agapov Group's Rusoro Mining for US$25 million and that it planned to get rid of other assets in Venezuela including leases on Isidora and La Camorra.

VHeadline Venezuela News
vheadline@gmail.com____________________________________

Venezuela is facing the most difficult period of its history with honest reporters crippled by sectarianism on top of rampant corruption within the administration and beyond, aided and abetted by criminal forces in the US and Spanish governments which cannot accept the sovereignty of the Venezuelan people to decide over their own future.

HELP US TO KEEP BRINGING YOU THE TRUTH
http://tinyurl.com/n4fg