Only about an hour after IKN's last post went out, Reuters today reports that the government of Peru has indefinitely suspended the exploration rights of Minera Afrodita (subsidiary of Dorato Resources) (DRI.v) in the Cenepa region of Peru. Some choice quotes from ministerial bigwigs too, with Prime Minister and cabinet chief Javier Velasquez saying (translated):
"The suspension is because the Afrodita mining company has not been able to accredit ownership of the terrain where it is exploring and has not been able to reach agreement with the indigenous communities and with the State."Hey, you know those annoying dumbass wiseguys that go around saying "I told you so"? Well I'm one of them. Dorato Resources is one of the reasons why I'd never invest in Franco Nevada, but that's another story for another day.
Here's how Peru's La Republica is running the news.