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Minera requests ‘precautionary’ suspension of trade on London’s Aim

21st September 2015

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

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TORONTO (miningweekly.com) – Latin America-focused gold junior Minera IRL has requested a precautionary suspension from trading on the LSE’s Aim, as control within the company’s two Peruvian operating subsidiaries, Minera IRL SA and Compania Minera Kuri Kullu has been temporarily compromised.

Minera said on Monday that it would make a further announcement “shortly”.

The gold junior, which was developing the Ollachea gold project, in Peru, had in August run into a road block as the local community had suspended its support for the project. However, Minera was able to restart the central Peru-based project earlier this month, after reaching an agreement with locals who had taken control of the unit.

Minera had also struggled to renew agreements with communities near its $180-million Corihuarmi gold project after management changes in the company upset local leaders.

Corihuarmi produced 23 321 oz of gold last year.

Edited by Tracy Klückow
Creamer Media Contributing Editor

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