Sunday, May 19, 2024

Logo Central America Link

Condor hands 10 per cent stake in El Salvador mining concessions to charity

Wednesday, May 25, 2011

Central America-focused gold explorer Condor Resources has taken a 10 per cent stake in one of its key projects over to a charitable foundation it has created in El Salvador.

The gesture comes as the authorities there decide the fate of the mining industry.

Currently there is a moratorium on activity. However an independent report compiled by the Tau Group will be published soon.

Original source: Proactive Investors UK