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proposal for setting up a ore mine

proposal for setting up a ore mine

1. Assisting informal miners to obtain concession rights to the areas they are mining if there are no pre existing concession rights and 2. Assisting informal miners who are illegally selling ore obtained from concessions that belong to third parties by obtaining agreements with the owners of the concessions. In this way the production of gold ore is legal and the concession owners will get a return for their ownership of the concession. Thus PTT will permit informal and small scale miners to earn much greater returns on their labour with much less effort. Modern plants, bu...

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The Peruvian fiscal regime is well understood and has been in place for the past 12 years. The recent election assures another 5 years of political peace and the ruling Aprista party is pro mining and is not considering significant changes to this tax regime. It is emphasized that PTT will follow all Peruvian laws with respect to the paying of all tributes and taxes including payroll taxes and profit sharing and this is reflected in the cash flow model used in this Business Plan.

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The development schedule is shown on Figure 6 below. When the project has been financed there will be a one month design phase to confirm that the flowsheet is appropriate for the project. Fifty kilograms of ore will be obtained from the operations which have signed letters of intent for this purpose. Discussions have already taken place with a local engineering company which has the competency for this project and they have expressed, in writing, their interest in providing a lump sum bid to engineer, purchase and construct the plant. Engineering of the plant will commence as soon as the design of the flowsheet is known in sufficient detail to start sizing the equipment. As previously stated, as much as possible, the plant will be built in modules which can be easily transported to the site and quickly interconnected. Plant engineering and purchasing is anticipated to take only 2 months as many of the contractors already have construction drawings for the equipment to be installed....

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