Jul. 29 at 12:39 PM
Noble Capital Markets Research Report: Aurania Resources (
$AUIAF) – Not the Best Way to Stimulate Mining Investment in Ecuador
New mining service fee. Ecuador implemented a new mining service fee, Tasa de Fiscalizacion Minera (TASA), on the resource sector. Aurania received notice of the fee associated with its project in Ecuador. The Ecuadorian Control and Regulation Agency (ARCOM) has requested payment of US
$2,012,618 by July 31, 2025, representing one month of the total annual fee of US
$24,151,420, to help fund ARCOM’s efforts. Because we do not anticipate significant negative repercussions associated with deferring payment, we think Aurania will withhold payment until it becomes clear whether TASA will stand in its current form.
Read more: https://www.channelchek.com/news-channel/aurania-resources-auiaf-not-the-best-way-to-stimulate-mining-investment-in-ecuador