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charity: Profit Reinvestment

Richard Moreno Bustos

whereas the views in the last few hours has been going on the possibility that Antamina, thanks to you have tax stability agreement, to be eligible for a program that was repealed in 2000, it is important to bear in mind certain evidence.

1. 
   
   alternatives can not throw empty and without any technical criteria and legal words, over the issue. Invent mechanisms remain outside to generate rules only lead to confusion among citizens.
   
2. 
   
   is important to note that tax stability contracts have the force of law and its removal implies extreme to change the constitution.
   
3. 
   
   These contracts have been benefiting the mining company and the forgiving of taxes to the company during the initial period to recoup their investment (3 years prior to 2004). That is, what is produced now, out of operating expenses, only gain.
   
4. 
   
   tax stability contracts has also allowed not to pay "Mining Royalties" (1), because there is a legal interpretation that these companies also have administrative stability.
   
5. 
   
   Now Antamina's request to reverse its future profits, must lead to specific positions, and where the level of debate and proposals should focus on the political and socioeconomic. Ie
   

• 
  
  be understood incentive programs that have repealed obeyed a context of high investment risk. Now to expand investment risks are significantly reduced.
  
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  Talk
  capacity in government spending has nothing to do with the "state" retains its capacity to collect and allow it to continue funding the works and projects. This debate has its place and time.
  
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  have to extend the topic by the fore the role of the mining sector in the regional interest. Is the mining should be an enclave or a development partner for Ancashino?
  
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  For the dimension that has Antamina (ten times more than Barrick Mishquichilca), the income tax collected from this enterprise is crucial in the transfer fee to Ancash. If the utilities can be tripled (as partners listed company) and is a safe investment, the state can not afford to lose $ 276 million in a "good deal" for the company.
  

The fact is that Antamina, one of the most profitable companies in the country in a responsible position and committed to Ancash, must finance its expansion project with loans or part of the huge profits made by its shareholders in recent años.Esta time does not touch the state, it is up to business!

(1) The "mineral royalties" are not a tax but a payment "for the extraction of non-renewable resources (According to the Court Constitution).

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Thousand Apologies! DISCOUNTS

Well that usually or used to enter this blog, have noticed it has been nearly 2 months without any updates, and not that interesting things have not been told that I could have counted, photographed or videotaped, but that the various activities and work done in this short time, I stayed away from the updates.

For those who want to know, among the activities that I usually make in order to live decently, I'm in the consulting business here in the city of Trujillo, especially MYPES calls. Similarly I was hired as General Editor of the Portal HITSMUSICALES.COM, which has a lot of visitors (around a thousand a day), and well along with 3 colleagues, initially, we encargábamos to keep abreast of new releases the captive audience that has that page.

hitsmusicales on Facebook

In Trujillo have been a number of cultural and entertainment events, to which I attended, unfortunately for being absent left to hang some pictures that portray what happened. Among which I remember with special affection are The International Dance Festival typically organized by the National University of Trujillo, this event brought several international delegations, European, American and even a South African delegation.

Thanks to this event could be reunited with Paola, a friend years ago and that way not because of the event may travel to Trujillo.

Another event, busy and interesting for me was a sin not to have posted anything about the parade was the first conducted in early October, was the first time I saw him completely and I liked it best in the company two beautiful people and friends: Brenda and Marielle.

Well ... the other days I spent traveling or working. In closing I leave you with the presentation of adal ramones in Trujillo, in my opinion a very good and entertaining show from beginning to end, which lasted 3 hours his show left us with many new energy and desire to go out and live life very happy. This event was attended with Brendita, good company and best of all fans of adal.

And lest we be left with the desire to continue listening to a little over adal ramones, leave you with one of my favorite monologues.

Trujillo

How To Rid Blue Capillaries On Lip?

Canon Antamina Mining: Universities and Santa

By: Richard Moreno Bustos

similar in months (November), last year I did an article that revealed the reservoir of funds from mining royalties and also in the two public universities in the department of Ancash (UNASAM and SANTA). However it seems that the issue is still staying out of the discussion agenda, especially within the two upper houses of study.

To start an annual transfers are supposed to have been delivered to universities, between 2004 and 2009, must have accumulated more than S/.109 million each.

What is surprising is that they now institutions seem to be unaware of the extent of funds that should have seen the last 6 years. Recall that the supply of mining royalties to the universities is done through the Regional Government, ie first regional government gives 25% of Ancash fee for that course, he transferred one-fifth of those resources to universities public automatically and equally.

What has been happening? UNASAM Why, for example, states have only 54 million of fees earned?

This quickly leads to two officials, on one hand the regional government that does not meet to make such transfers automatically and the other to the universities does not seem very interested in the subject.

Additionally, although not regularly receiving the canon that "law" they belong, we see that performance levels are quite low. To get an idea, the successful implementation almost 5 years reaches far to little more than S /. 4 million new soles.

should be noted that the problem is not only authorities but also of students, teachers and university graduates, who are required to put in debate, especially, the use must have the funds and that progressively will be reducing due to the effects of international economic crisis on the mining industry.