Are there legal formalities and bureaucracies in Brazil?
Brazilian rules and regulations are very stringent and many North American companies fold up and leave because they cannot or are not willing to comply. For example, failure to acquire even one of the seven different environmental permits disqualifies a mining license application. While developing the Rio Paranaiba Project, York-Rio will face a maze of regulatory requirements. The expenditure of US$3 million will be necessary to get to a state of readiness for a Public Offering. This will lead to continued corporate affairs, licensing and permits. Many other junior mining companies are still trying to find their way through the regulatory maze. Our knowledge of the processes gives us a competitive advantage.
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