Copper Mesa Loses 2 Concessions in Intag
The government announced this week that Copper Mesa Mining Corporation had reverted back to the state the concessions Golden 1 and Golden 2 (http://www.eltelegrafo.com.ec/actualidad/noticia/archive/actualidad/2008/11/19/Gobierno-extingue-concesiones-mineras-de-_CD00_ntag.aspx and http://www.presidencia.gov.ec/noticias.asp?noid=16549 This is not a “purported” extinction of the comopany’s mining rights; the legal measure is definitive. The government did not “make observations” to the company’s 2006 Environmental Impact Assesement, […]
Read MoreIT’S ALL OVER FOR COPPER MESA MINING CORPORATION IN INTAG-
IT’S ALL OVER FOR COPPER MESA MINING CORPORATION IN INTAG(formerly Ascendant Copper Corporation)Español más adelante NOV 13 2008 On Wednesday, November 12th, Ecuador’s Ministry of Mines and Petroleum officially extinguished Copper Mesa Corporation’s Golden 1 mining concession in Intag, Ecuador. The Golden 1 concession formed a key part of the company’s JUNIN mining project, and […]
Read MoreNEW REGULATIONS FOR MINING IN ECUADOR/ Copper Mesa’s Troubles in Ecuador
Copper Mesa and Its Troubles in Ecuador Tougher Regulations for Mining in Ecuador (Nov 2008) On Monday, November 10 2008, the El Comercio Newspaper (second biggest in Ecuadoro) carried a story highlighting tougher new fiscal and environmental regulations proposed in the new mining law for mining companies working in Ecuador, including a minimum 5% royalty; […]
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