7 May: Minister Comes Down Hard on the Company
espaniol abajo On the Ministy of Energy and Mines May 3rd news release, the Ministry lashed out against the mining company for it’s bad practices in Imbabura. See below for the extract, which makes reference to a protest march in which Ascendant employees participated in. The full translation of the official document is below. MINISTER […]
Read MoreCompany stopped again; 4th Qer Distortions
Espaniol Abajo News from Junin that this past thursday, April 12th, that Ascendant Copper employees were stopped by community members from entering a property near to the community of Junin that the company considers theirs. There was no violence, but the community members were adamant that Ascendant had to leave and abide by the December […]
Read MoreAscendant’s 4th Quarter (Distorted) Reports..
Espaniol AbajoAscendant’s Fourth Distorted Quarter ReportsCarlos Zorrilla Absolved in trumped-up gun charges The 2006 Annual, Financial, and Management Discussion and Analysis reports were finally made public by Ascendant (see NEWS section on their web page: www.ascendantcopper.com Here are some of the highlights: Since it’s birth (48 months), the company has sustained losses of $ 9.751.463,00 […]
Read MoreAscendant´s Guns returned/ Total Suspension
ESpaniol abajo TRANSLATED EXTRACTS FROM TODAY´S EL NORTE NEWSPAPERhttp://www.diarioelnorte.ec/2007/03/28/cotacachi.html See yesterday´s blog for some drastic anti-mining news coming out of Ecuador- including the reinstatement of ROYALTIES, which Reuters News Agency said could affect Ascendant Copper Translated extracts from El Norte´s ArticleGovernment Suspends Mining Exploration in Extensive Area There is no calm, and the division persists […]
Read More27/03- MAJOR policy Changes; ; Ascending distortion, and other news
ESPANIOL YA MISMO! See below for the Spanish version of the Reuters News article about the government announcing bringing back royalties to tax the extraction of minerals from Ecuador’s subsoil. As you can see, it specifically named Ascendant Copper and Corrientes Resources as two of the companies which would be directly affected. The article also […]
Read More21 March- Ascendant Signs with Government # Correa on Mining
March 21 UpdateAscendant Signs with GovernmentPresident Criticizes Mining Yesterday evening, at the office of the Governor of Imbabura Province in the city Ibarra, high-ranking police officials and representatives from Intag’s communities and Intag Parish governments, witnessed the signing of an agreement between representatives from the Ministry of Energy and Mines and Ministry of Government, and […]
Read More19-Mar: ** President Correa on MINING!! / More from the field
From EFE News Agency http://es.biz.yahoo.com/17032007/185/correa-advierte-guerra-civil-comunidades-empresas-mineras.html Correa aims his guns at Mining Concessions: “The mining problem is very grave, and we have areas close to a civil war”… “We have not received any benefits from mining…. “and that will have to be taken down”…. These are just some of the statements made by the President Correa […]
Read More****Chalguayacu Alto 17 March Update: Breakthrough
espaniol abajo Chalguayacu Bajo 17 MarchAscendant backs down Under the pressure of more than 300 Intag residents from all over Intag and all seven of the Parish Township governments, late last night Ascendant agreed to abide by the Ministry of Energy and Mine’s December 9th order for the company to cease all activities within its […]
Read More16 March Chalguayacu Alto
16 March (en español ya mismo- ver abajo) A governmental delegation composed of representatives from the Ministry of Energy and Mines, the Ministry of Government and CEDHU, the Quito-based human rights organization,, travelled to Chalguayacu Bajo to try and find a solution to the latest conflict in the area. The communities are insisting the government […]
Read More15 march, 2nd day of community occupation of Ascendant´s camp
As of this morning the communities still maintain control of Ascendant’s mining camp with all sides agreeing a peaceful resolution is the only way to resolve the conflict once and for all. The Ministry of Energy and Mines apparently have agreed to send in a special commission, which is slated to go in today or […]
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