OFFPLAN NEWS

(08.08.2007 )
Property for sale in Ecuador Ascendant Copper Agrees to Limit Activities in Ecuador

It took three months of protest by local communities and an intervention by the provincial Governor and two government ministries, but Ascendant Copper Corporation has agreed to curtail its activities in the Ecuador property for sale Intag region of Imbabura Province.
On March 20, 2006, high-ranking police officials and representatives from Intag's communities and Intag Parish governments gathered at the office of the Governor of Imbabura Province in the city of Ibarra to witness the signing of an agreement between representatives of Ascendant Copper Corporation, the Ministry of Energy and Mines, and the Ministry of Government. The agreement calls for a 70% reduction in the company's work force in Intag and for the company to respect the December 9, 2006, order by the Ministry of Energy and Mines to stop work in the area until the Ministry has approved an environmental assessment for the project.

The commitment is a welcome move by the company to reduce tensions in the area, having previously ignored the stop work order. In statements to the local press, representatives from Intag made it clear that they see the agreement as a temporary measure meant to reduce the tension and conflicts until Ministry of Energy and Mines officials annul all of Ascendant's mining concessions in Intag, which they consider illegal.

In a separate agreement between the Intag's communities and the national government, the president of the Community Development Council, Polibio Perez, agreed to lift the communities' road controls and to abandon the Chalguayacu Bajo property, which they have been peacefully occupying since April 14, 2006.

The Community Development Council also agreed to turn in any weapons under its control to government officials. Seventeen .38 calibre handguns and one semi-automatic 9-shot 12-guage shotgun had been seized from the 57 Ascendant "contractors" arrested by community members on December 4, 2006, when they tried to break through a blockade set up by local residents and force their way onto the company's concession area. One community member was injured by gunfire in the incident. On March 27, the guns were handed over to the provincial prosecutor in a ceremony before the Subsecretary for Environmental Protection of the Ministry of Energy and Mines, Lucia Ruiz, Imbabura's governor, Diego Garcia, and Ascendant representatives. Perez commented that the weapons apparently represented the "latest technology" that the company, which calls itself "a socially responsible corporate citizen", has been touting for its mining projects. Another shotgun was reported to have been confiscated by the police from an Ascendant employee in the Chalguayacu Bajo area the day before.

In order to ensure compliance with both of the agreements, a monitoring group was formed, composed of representatives from Intag Parish (township) governments, the communities, the Ecuadorean government, and the company.

Inaccurate statements published by Ascendant Copper have claimed that the agreements guarantee free access to the area by Ascendant's personnel. The agreements do guarantee free access, but Ascendant and its employees and contractors are in fact still subject to the December 8 stop work order, which called for a halt to all of Ascendant's activities, and was not limited to mining activities. The communities and local governments are still firmly resisting the presence of Ascendant in the Intag area, and have vowed to do so until the company leaves.

Ascendant also fail to correctly identify the parties to the agreements, stating that the company met with "representatives of the ecological group opposing mining activities in the region", while in fact it was Polibio Perez, the representative of the local Community Development Council (one of the dozens of community groups opposed to the mining project), that they met with, and who signed the agreement.

The agreements follow strong statements from Ecuadorean President Rafael Correa on March 14, condemning the chaos and social conflicts generated by transnational mining companies operating in Ecuador, and announcing that the government plans to reinstate royalties on the extraction of natural resources.

At the same time, Energy and Mines Minister Alberto Acosta promised that the government would review all mining concessions in the country and annul any concessions where irregularities were found. The validity of Ascendant's Junin concessions has been challenged in court and is currently under investigation by the country's anti-corruption commission. Acosta stated, "We are going to paralyze mining activities where confrontations take place. I am not going to allow bloodshed."

News by Country

»(08.08.2007 ) Cheap Ecuadorian property Lateegra Gold Mobilizes Field Crews to Auripamba Ecuador
Lateegra Gold Corp is pleased to announce the commencement of a phase I exploration program on the Company's recently acquired Auripamba East and West properties for sale Ecuador. ... » find out more
»(08.08.2007 ) Property for sale in Ecuador Ascendant Copper Agrees to Limit Activities in Ecuador
It took three months of protest by local communities and an intervention by the provincial Governor and two government ministries, but Ascendant Copper Corporation has agreed to curtail its activities in the Ecuador property for sale Intag regio... » find out more
»(08.08.2007 ) Properties for sale Ecuador Real Estate Bargains in Ecuador's High Andes
Colonial Cuenca is the cultural heart of Ecuador - yet buying property in Ecuador here remains a bargain. ... » find out more
»(08.08.2007 ) Ecuador property for sale Sparrowtech Begins Process on Porvenir in Southern Ecuador
Sparrowtech Resources, Inc. (Pink Sheets:SPMC) ("Sparrowtech") has begun its due diligence process on Minera El Porvenir, S.A. ("Porvenir") located in the rural property in Ecuador western metallurgical gold belt end. ... » find out more
»(08.08.2007 ) Ecuadorian property for sale That $50,000 Ecuador Beach Home IS Out There…
Ecuador's coast with its beautiful sea property Ecuador is the most overlooked and undervalued coast in the Americas. ... » find out more
»(08.08.2007 ) Buying property in Ecuador The Best Places to Buy Property in Ecuador Right Now
While there are good holiday villas in Ecuador buys all over the country, the best buy right now in Ecuador’s property market is unquestionably the purchase of old Spanish colonials in Quito’s historic center.... » find out more
»(08.08.2007 ) Buying properties in Ecuador Ecuador - Where 'Land of the Free' still exists
Ecuador is gentle...safe...healthy...private...civil, offering great abundance in cheap property Ecuador for sale.... » find out more
»(08.08.2007 ) Buy property in Ecuador Why Ecuador?
For a lifestyle that would cost you $5,000 a month in Nebraska...or $9,000 a month in New York...you'll pay $1,595 (or less) in Ecuador, should you decide an excellent and cheap Ecuadorian property. ... » find out more
»(08.08.2007 ) Buy properties in Ecuador Booming tourism threatens Galapagos Ecuador
Ecuador's President Rafael Correa has declared the renowned sea property in Ecuador Galapagos Islands at risk and may impose restrictions on tourism, flights and residency to prevent further ecological damage. ... » find out more
»(08.08.2007 ) Property management in Ecuador Ecuador shows interest in Brazil's social and labor programs
Brazilian President Luiz Inacio Lula da Silva and his Ecuadorian counterpart Rafael Correa on Wednesday signed agreements concerning social sectors, especially the labor and land investment in Ecuador sector. ... » find out more
The Image Links toProperty Search Services
Go to E-broker