Ascendant’s Incredible 2007 Reports/ increíbles informes de Ascendant del 2007
Ascendant’s Unbelievable 2007 Year-end Reports Yes, it’s that time of year again!! Ascendant just published it’s 2007 Financial and Management and Discussion Analysis reports, and here are some of the more interesting information contained in the reports and what they “forgot” to include. The documents avoid mentioning important events that could profoundly affect Ascendant’s future […]
Read MoreOne Step Closer to Nationalization / Nuevas de Intag
Ecuador Takes One Step Closer to Nationalizing Its Mining Industry(and other news….) On his weekly radio address to the nation on the 15th of March, Ecuador’s president told Ecuadorians he would exploit its mineral resources in the south of the country through the creation of a national mining corporation. The last 6 or so months, […]
Read MoreAmnesty for Intag Defenders! / Aminstía para defensores inteños del ambiente!
NIGHTMARE ENDS FOR ACCUSED IN INTAG Huge victory for Intag residents opposing Ascendant’s mining project On March 14, the National Constitutional Assembly overwhelmingly approved a general amnesty in favor of 360 defenders of the environment who were facing criminal lawsuits as a consequence of their opposition to large hydro, petroleum, and mining project in Ecuador. […]
Read MoreAscendant leading the march to the chopping block
ASCENDANT COPPER LEADING MINING COMPANIES TO THE CHOPPING BLOCK The government let the official cat out of the bag today by stating that next week the Constitutional Assembly will vote on the mining moratorium and revocation mandate. The Assembly was voted into power last year with the main goal of re-drafting the country’s Constitution, and […]
Read MoreAscendant’s Downfall
Ascendant’s Downfall Carlos Zorrilla The government of Ecuador recently annulled the main concessions to Ascendant Copper Corporation’s Junin project; the company’s most valuable resource. The reasons for Ascendant’s title revocation has nothing to do with unpaid mining patents, the main reason the government revoked many of the 585 other mining concessions in Ecuador. And, it’s […]
Read MoreMore Concession on the Chopping Block / Se cancelarán más concesiones
More Concession on the Chopping BlockEspaniol abajo… Published in El Univeso Newspaper (Ecuador’s largest daily) Monday January 28th, 2008 Mandate will revoke mineral concessionsQUITO A decision by the National Constituent Assembly will broaden thegovernment’s resolution to revoke 587 mining concessions. The miningindustry association rejects the mandate and warns of a possible workstoppage. The government has […]
Read More*****ASCENDANT FINISHED IN INTAG- FIN DE ASCENDANT EN INTAG
AS THE MINISTRY HAS SAID, THE REVISION OF THE CONCESSIONS WILL CONTINUE AND WILL PROBABLY RESULT IN HUNDREDS OF OTHER CONCESSIONS REVERTING BACK TO THE STATE!! Ecuador revokes hundreds of mine concessions Reuters Friday January 25 2008 http://www.guardian.co.uk/feedarticle?id=7257064 (Adds deputy mining minister’s comments and details, paragraphs 11-19) By Alonso Soto and Alexandra Valencia QUITO, Jan […]
Read MoreDarker Days Ahead for Mining in Ecuador- CONIAE se prununcia contra la minería
DARKER DAYS AHEAD FOR CANADIAN MINING COMPANIES IN ECUADORNATIONAL ASSEMBLY TO REGULATE MININGCONAIE SE MANIFIESTA CONTRA LA MINERIA EN ECUADOR{ASAMBLEA NACIONAL REGULARÁ LA MINERÍA On January 8th, CONAIE, Ecuador’s largest and most powerful indigenous organization, signaled its intent on joining the anti-mining resistance sweeping Ecuador in a news release. The organization, composed of dozens of […]
Read MoreA BRIEF HISTORY OF RESISTANCE TO MINING IN INTAG, ECUADOR
MITSUBISHI AND THE WORLD BANK COME TO INTAG(updated jan/08) Exploration for metallic minerals intensified in the Junín area with the arrival of Bishimetals in the early 1990s. Junín is a community located in Intag, a 1,500 km2 expanse of cloud forests and farms in northwestern Ecuador (Cotacachi County, Imbabura Province). Bishimetals, a subsidiary of Mitsubishi […]
Read MoreIs Ascendant Keeping the Titanic Afloat?
Ascendant Copper: Trying to Keep the Titanic Afloat? The project is dead. And no amount of slick public relations campaign can bring it back. A complete stop-work order for their Junin mining project, their so-called “nest egg”; A nest egg with 17 less properties which the company lost recently (see prior blogs) No environmental impact […]
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