More Bad News for Copper Mesa: Company loses all of its Intag mining concessions.

By , December 8, 2008
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More Bad News for Copper Mesa: Company loses all of its Intag mining concessions.
– The Mining Mandate also abolished hundreds of other concessions affecting many Canadian mining companies in Ecuader.

Close to 2,300 mining concessions affecting a total of 3.3 million hectares have been extinguished in Ecuador since the Mining Mandate went into effect more than six months ago (see original government news release below). This includes all of Copper Mesa Mining Corporation’s concessions in Intag, according to information published by the Ministry of Mines and Energy.

The December 4th government news release reports 335 additional concessions affecting over 500 thousand hectares being abolished, and the government’s willingness to keep applying the Mining Mandate to the rest of the country’s mining concessions.
http://www.minasypetroleos.gov.ec/mmp-portwar/faces/index.jspx;jsessionid=81f6cd11d6c990fafdc30340e691

The mining concessions were extinguished, according to the information, because either they did not have their Environmental Impact Studies in order, or the companies never undertook the previous community consultation processes as specified in Ecuador’s Constitution.

Copper Mesa’s Intag mining concessions, and specifically Golden 1, Golden 2 and Magdalena 1 were the jewel in the company’s crown. They, along the company’s other concessions in the region, are now in the government’s hands. The new law will put into play a whole new series of regulations, which will bring in much higher royalties, firmer environmental controls, and much more significant taxation for mining companies doing business in Ecuador. The measures affecting the concession is also seen as part of the government’s plan to institute the total or partial nationalization of the mining sector.

(original news release)
En el marco del cumplimiento del Mandato Minero, expedido por la Asamblea Nacional Constituyente en abril pasado, el Ministerio de Minas y Petroleos extinguió 514 855 nuevas hectáreas mineras, correspondientes a 335 concesiones, por no haber presentado estudios de impacto ambiental o no haber cumplido con el proceso de consulta previa.

Cincuenta y seis concesiones habían sido otorgadas a la empresa All Metals, 18 a la compañía Curimining , entre otras, las mismas que no cuentan con los términos de referencia ni los estudios de impacto ambiental para su aprobación.

El ministro de Minas y Petróleos, Ing. Derlis Palacios Guerrero, senialó que “conforme a lo dispuesto por la Asamblea Constituyente continuamos cumpliendo el Mandato Minero. Queremos que a la vigencia de la nueva Ley Minera tengamos ordenado y regularizado todo lo concerniente a las concesiones vigentes”.

El Secretario de Estado dijo ademas: “estamos determinando una serie de arbitrariedades en el otorgamiento de las mismas; no podemos seguir con el caos actual. Definitivamente este proceso, sumado a la aprobación del proyecto de la nueva Ley de Minería, nos va a permitir a los ecuatorianos y ecuatorianas tener una mineria que se inserte en el desarrollo economico y social del país; seguiremos rindiendo cuentas de nuestra gestion”.

De lo que va del proceso de reversion, el Gobierno de la Revolución Ciudadana ha extinguido y caducado cerca de 2 300 concesiones, con un total de 3 300 000 hectáreas.

El ministro Palacios Guerrero afirmó que el Mandato Minero continúa en vigencia y que su cumplimiento está en proceso.
http://www.minasypetroleos.gov.ec/mmp-portwar/faces/index.jspx;jsessionid=81f6cd11d6c990fafdc30340e691

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