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Operating an exploration and development company in Peru can be challenging, at times, given the bureaucratic processes and the political situation, but Forte Minerals is getting some help navigating this with its newest addition to the company’s roster of expert advisors.
“We recently brought the ex vice-minister of mines, Ricardo Labó, as an advisor and he’s really helped streamline the process,” said Patrick Elliott, president and CEO of Forte Minerals (CSE:CUAU,FSE:2OA,OTCQB:FOMNF).
Labó is a Peruvian mineral economist with more than 22 years of industry experience in both public and private sectors in Peru, Latin America and Africa. Before he became vice-minister of mines for Peru’s Ministry of Energy and Mines, he was a director of mining promotion and development, where he was an advocate for responsible mining exploration and development investment in Peru.
“The permitting and social (responsibility) process and the political regime in Peru… it can be tough at times with the process,” said Elliott. He added Labó’s expertise and experience will be a key asset for Forte Minerals, helping the company navigate and expedite the process for their projects in the country.
Forte Minerals is exploring a series of copper and gold assets in Peru led by a team with a long history of working with communities in the country and great exploration results.
“Most of our team, Paul Johnson, Manuel Montoya, they are ex Teck (Resourced) explorers. (Montoya is our) general manager for Peru. Paul was the South American exploration manager for Teck for many years. They’re very, very experienced with porphyry copper systems. Tom Henrickson, as well, has made many discoveries in Peru,” Elliott noted.
“We’ve assembled a phenomenal team; for a $5-million market cap company, we’re just getting out of the gate.”
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.