Eco Oro Minerals Corp C.EOM

RE:“hot potato” by Paul Harris

[Silverwhere]

Silverwhere wrote:
The eco-political “hot potato” that is the Santurbn wetland caught Eco Oro, and its predecessor Greystar Resources, offside after having spent US$230 million on exploring the Angostura gold project.
 
https://thecitypaperbogota.com/business/santurban-planting-discord/6954

Another excerpt:
 
Pro-mining advocates believe that formal mining can help ensure environmental protection and safe water supplies by providing the financial, human and technical resources to do so. Greystar certainly thought so. In addition to exploration, it removed landmines placed by the FARC, cleaned rubbish and debris from the pramo left by informal mining, and developed an impressive nursery to grow the plants to restore its project area, including the emblematic wild frailejn (Espeletia Conglomerata). “Greystar had successfully planted and reproduced a large quantity of [fraile- jn] plants in its nursery, and we were able to demonstrate that their speed of growth was much more rapid than the environmentalists pretended,” expressed exploration consultant and former Greystar executive VP Frederick Felder.

If formal exploration ceases it is likely that armed groups and informal miners will reestablish themselves in the area to the detriment of this delicate habitat. “There is going to be illegal mining in Santurbn which favors criminal groups and will cause worse environmental damage than the formal mining project,” says Nieto.