Ecuadorian Community Activists Get Canadian Mining Company Delisted from TSX

Written by Tracy Solum

Topics: Frontline Communities

share this story
facebook twitter email stumble upon
Get RAN Alerts

Over the past 12 years, RAN has supported through our Protect-an-Acre small grants both Defense and Ecological Conservation of Intag (DECOIN) and Community Defense Council in the Intag region in the western Andes of Ecuador, a cloud forest ecosystem that is a globally significant biological hot spot. For 2 decades now, communities there have successfully led the struggle to halt all mining in the region, keeping out major Japanese and Canadian corporations.

Copper Mesa, until last year, was the owner of a two mining concessions in the Intag. But the company ran into a strong, organized opposition from communities, local government and, eventually even the national government, which eventually stripped Copper Mesa of its concessions in the country.

Now the Toronto Stock Exchange, which had been sued by 3 Intag activists, has delisted Copper Mesa from the exchange.

DECOIN organizer Carlos Zorrilla wrote in an email to Intag community supporters:

“This is a key victory in Intag’s very long and exhausting battle against mining interests. So big in fact, that I still find it difficult to believe. After all, this has been a dream of ours and something we’ve been working on for almost six years.”

Copper Mesa’s shares lost about 60% of their value in the 48 hours after the TSX delisting.

1 Comment For This Post I'd Love to Hear Yours!

  1. stan squires says:

    I am from vancouver,canada and i wanted to say that im glad that Copper Mesa has been delisted from the toronto stock exchange.The people of Ecuador shouldn’t have to put up with the arrogance of this canadian mining company.This case is similar to a canadian mining company in El Salvador called Pacific Rim who are exploiting the people there.Good luck to the people of Ecuador who are fighting against this canadian mining company.

Leave a Comment Here's Your Chance to Be Heard!

Notify me of followup comments via e-mail. You can also subscribe without commenting.