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.