Colombia shuts door on London-listed miner's precious metals project

The Colombian government has ended Greystar Resources Ltd.’s bid to develop a gold and silver project in a northern highland area, Energy and Mines Minister Carlos Rodado said. The firm’s plans to mine for precious metals in the Santurban paramo, or Andean high-altitude ecosystem, of Santander province are unviable both as an openpit and underground project, Rodado said.

Greystar is a Canadian company listed on London’s Alternative Investment Market.

See http://latino.foxnews.com/latino/money/2011/03/24/colombia-shuts-door-canadian-miners-precious-metals-project/.

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