Ecuador

Ecuador

Since the early 1990s, the Intag region of Imbabura in northwestern Ecuador has been the target of mining exploration. Japanese and then Canadian interests have claimed substantial finds of copper, and have promoted the idea of building a huge open-pit mine in the middle of one of the most biodiverse areas in the world – the Intag cloud forest falls into both the Tumbes-Chocó-Magdalena and Tropical Andes hotspots, according to Conservation International.

But while some of the residents support the proposal, most are opposed to the mine, including those who stand to be most directly affected. The mine would be within the buffer zone of a major ecological reserve (the Cotacachi-Cayapas Ecological Reserve) and would obliterate a community forest reserve where local people have been promoting ecotourism. The whole region depends on small-scale farming, coffee production, and eco-tourism; the County of Cotacachi has designated itself an "Ecological County" and is committed to sustainable development and participatory democracy. As a result, there is widespread and fervent opposition to plans by Bermuda-based Ascendant Holdings to build a mine and possibly also a smelter and hydro-electric dam. In order to raise money, Ascendant -- also known as Ascendant Exploration or Ascendant Copper Corporation (ACC) – is seeking a listing on the Toronto Stock Exchange, despite questions that have been raised about the accuracy of its resource estimates and the status of its claims. In the mean time, the company has openly admitted funding a community front group, CODEGAM (Corporation for the Development of the Communities of García Moreno [parish]), explicitly to promote the mining project and to undermine the authority of the County government. There has been a barrage of threats, interference, and attempted intimidation, including death threats, against opponents of the project.

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Canada-Ecuador: When Stock Exchanges Fuel Human Rights Violations

Recently, Toronto-based Pinetree Capital bought a few million shares of Copper Mesa Mining Corporation, making it the largest share owner of a failing company currently embroiled in a lawsuit . The takeover raised the price of its penny stock upwards to between three and five cents. Copper Mesa, however, got a lot more than what it bargained for.

What Role for Canada in the Americas? Corporate Accountability and the Extractive Industries

[Presentation] In the late 1990s, people in the Intag zone of north-west Ecuador learned that a Japanese company had discovered copper in their area. They were happy. As poor farmers the welcomed the possibility of more work and better incomes. But then they found out that the project would be a huge open pit mine that would destroy an entire mountain, displace four villages, and contaminate an entire watershed. The villagers mobilized.

Ecuador: Government Shuts Down Ascendant Copper’s Junín Project

(Ottawa/Intag) Canadian junior mining company Ascendant Copper Corporation’s ambitions to develop a major copper mine in the Intag region of northwestern Ecuador were dealt a serious blow on September 25, 2007, when restrictions on the company’s activities in the area turned into a total prohibition. Ecuador’s Minister ...

MiningWatch Responds to the National Post

MiningWatch Canada has responded to three articles written by Peter Foster for the Financial Post section of the National Post, as well as to one erroneous correction that ran in the Financial Post. For more information about the situation in Ecuador, see MiningWatch Canada's recent analysis: Canadian Mining Investment in Southeast Ecuador Exacerbates Divisions, Conflicts.

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