Miami, FL – July 29, 2020 (EmergingGrowth.com NewsWire) — EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on Bactech Environmental Corp. (OTC Pink: BCCEF), (CSE: BAC).
As a follow on from an article written recently about a tailings dam breach in Ponce Enriquez, Ecuador, the government there has passed a new law with respect to future tailings construction. The following is from Rueters.
BacTech Environmental Corporation (OTC:BCCEF, CSE:BAC) is well aware of the current status of the existing tailings in the Ponce area. Most of the tailing ponds sit next to the producing mines some 500-1000 meters above the coastal plain. The government has long been concerned about the longer-term stability of these deposits as heavy rain or earthquakes can have cause the walls to the tails to become unstable. Any breach can lead to tonnes of waste material plummeting down the mountain. BacTech was initially attracted to Ponce for the tailings opportunity. It has since refocused on working with the current production to stabilize the arsenic in the material that is being mined. It is inevitable that tailings will become part of the feed to the proposed bioleach plant.
The article highlights the recent opening of 2 large scale mines in Ecuador. Lundin Mining (NASD:FTMNF) who recently opened the Fruta del Norte gold mine and the Chinese owned Mirador copper mine. Both of these projects would have experienced heightened levels of scrutiny for their proposed tailing dams. Other majors such as Barrick (NYSE:GOLD) and Newmont (NYSE:NEM) can expect to receive the same treatment should they pursue new mines in Ecuador.
EmergingGrowth.com is a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies. Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets due to, among other reasons, trading price or market capitalization. We look for strong management, innovation, strategy, execution, and the overall potential for long- term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, we are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through our parent Company, we also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.