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Rodinia Minerals Inc
 

   TSX.V RM OTCQX: RDNAF

     

Sector: Resource

TSX.V: RM / OTCQX: RDNAF Rodinia Minerals Inc. is a Canadian mineral exploration company with a primary focus on lithium exploration and development in North and South America. Rodinia’s strategy is an innovative, forward looking mining company with the exploration and production capabilities to market low-cost, high-grade lithium carbonate required by a variety of modern products.

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FOR IMMEDIATE RELEASE

 

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Rodinia's Argentina assets not affected by new decree

2011-03-07 09:07 ET - News Release

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Mr. Aaron Wolfe reports

RODINIA LITHIUM INC.'S DIABLILLOS PROJECT IS UNAFFECTED BY RECENT DEVELOPMENTS IN JUJUY PROVINCE, ARGENTINA

In light of recent press releases and media comments issued with respect to recently ratified Decree 7592/11 in Jujuy province, Argentina, Rodinia Lithium Inc. is reminding all investors and stakeholders that the company's flagship assets are not located within Jujuy province and are therefore unaffected by the decree. The company has a portfolio of three lithium-brine projects in Salta province, Argentina, including its flagship Salar de Diablillos project, and one potentially equally significant lithium-brine project in Clayton Valley, Nevada, United States.

William Randall, president and chief executive officer of Rodinia, commented: "Mining legislation and government activity within the mining sector varies dramatically from province to province in Argentina, and the evolution of legislation in one province does not directly impact neighbouring provinces. In our experience, and looking back at the history, Salta has always been a mining-friendly province and has been encouraging an environment where projects can be actively explored, developed and put into production. Salta province has almost a century of mining history. This history includes significant work and involvement by both junior explorers and senior producers like Rio Tinto Minerals, and these private companies have never encountered any interference from the government. This probusiness and supportive environment is unique to select areas in Argentina, and is a specific reason why we selected the Diablillos project."

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