Ascendant’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 […]
Read MoreAscendant loses 17 Properties in JUNIN / empresa pierde 17 propiedades en Junin
Ascendant Loses 17 Properties in JUNIN / Empresa pierde 17 propiedades en Junin On October 10th, the General Secretary of Ecuador’s Land Reform Institute (INDA) announced that the institute extinguished the legality of 17 of Ascendant’s properties in the JUNIN area. The land will return to government ownership. The Institute had adjudicated the untitled land […]
Read MoreAscendant’s New Creative 3rd Quarter Reports
ASCENDANT’S NEW CREATIVE 3RD QUARTER REPORTS It’s best to start by pointing out that Ascendant’s 3rd quarter financial report report is unaudited. There is no sign anywhere of an auditing firm taking responsibility for it. This helps to understand what follows. Regarding the Management and Discussion section of the report, it can be summarized as […]
Read MoreILLEGAL LAND TRAFFICKING CONFIRMED /PRIMARY FORESTS ADJUDICATED
Gross Irregularities found in Connection with Ascendant Copper Corporation’s Properties in Junin (ESPANOL ABAJO) On October 22, Ecuador’s Institute for Agrarian Development (INDA) made public its report of their in-situ inspection of17 of the Ascendant’s properties in the Intag area (JUNIN PROJECT) The investigation came in response to a denunciation of illegal land trafficking in […]
Read MoreHolding Steady on Misinformation: II part of Ascendant’s Claims
Holding Steady on Misinformation: II part of the Spin Sure enough, The Resource Investor’s latest news release (10/19) on Ascendant Copper’s operations in Ecuador did not disappoint. The first part of the 2-part spin left us with some truly impressive whoppers- such as saying that the latest government suspension of its activities in the Intag […]
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