By Marketwire,
January 30, 2009 at 1:11 AM
TORONTO, ONTARIO--(Marketwire - Jan. 29, 2009) - Kinross Gold Corporation (TSX:K)(NYSE:KGC) is pleased to acknowledge that on January 29, 2009 the new Ecuadorian Mining Law was published in the Ecuadorian government's official registry and has now taken effect.
Based on Kinross' understanding, some key provisions of the law include the following, all of which are consistent with the Company's expectations:
- No limits imposed on the number of concessions that can be held by a concessionaire;