Cornerstone Capital Resources announces high potential Porphery targets at Espejo and Rio Magdalena, but fails to mention that Rio Magdalena is subject to a stop work order issued by the Provincial court in Imbabura in June 2019 due to the area’s high environmental significance. For the past eight months, local environmental groups have been denouncing … Read More
Articles
BHP’s divide and conquer
First published in The Ecologist By Liz Downes 21st February 2020 BHP is putting pressure on vulnerable ecosystems and communities in a mega-biodiverse region of Ecuador despite flaunting its commitment to environmental sustainability. The world’s biggest mining company is publicly committing to a clean, green transition: promising to shift from one of the world’s biggest … Read More
Timeline of BHP’s divide-and-conquer tactics in Intag, Ecuador
Tensions are escalating quickly as BHP aggressively pushes into communities in the farming and rainforest region of Intag, Ecuador, in their efforts to begin gold and copper explorations on schedule. BHP owns two concessions (Santa Teresa 1 and 2) in this region of northwestern Ecuador. These concessions were granted by the Ecuadorian Government with zero … Read More
BHP AGM 7 November 2019
BHP held their 2019 AGM in Sydney on November 7. A small, peaceful protest was held outside by climate groups wanting to draw public focus to the debate around BHP leaving the Minerals Council. Two Rainforest Action Group members flew to Sydney from Hobart and Melbourne to ask questions as proxy shareholders. The Rainforest Action … Read More
Investor risk alert for Cascabel
Cascabel is an investor nightmare. Located in close proximity to the Colombian/Ecuadorian border, in an area the Australia’s Department of Foreign Affairs and Trade (DFAT) advises not to travel
SolGold AGM 20 September
Members of the Rainforest Action Group attempted to raise their concerns about investing in Ecuador at the SolGold AGM in September 2019 as we believe SolGold has not been transparent with shareholders as to the nature of their concessions. Below are our questions and concerns. We are concerned that correct consultation processes have not taken … Read More
Environmental concerns at Cascabel
The Cascabel concession is part of the Mira River basin, and is surrounded by mature primary and secondary forests that house endangered species, and protect pristine microbasins. Our primary concerns with mining in Cascabel hinge on the ecosystem impacts of the mine itself and related infrastructure, as well as the toxic waste generated by mining … Read More
Cornerstone and ENAMI violating court ruling?
This blatant violation of the law is in keeping with statements by Cornerstone Capital Resources CEO Brooke Macdonald when he stated at the recent shareholder meeting in Toronto, Canada on June 25th: “We will follow the law, but this decision of this lower court in Imbabura is subject to appeal, and we believe that the … Read More
Los Cedros court win
The judges in the provincial court of Imbabura ruled that there had been a violation of mining-impacted communities’ right to be consulted, and revoked the previous sentence of November 2018 in which the Action of Protection was discarded. They also forced the Ministry of Environment and Water to publicise the ruling and formally apologise to … Read More
Mafia gunfight over Rinehart concession
At least 19 people were injured in a twelve-hour shoot-out between rival organised crime gangs in Hanrine’s lucrative gold mining concession in northwestern Ecuador. The gunfight near Buenos Aires killed an unknown number of people, with bodies reportedly hastily buried or dumped down mine shafts where the confrontation took place. A truck transporting local residents … Read More