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Eco Oro Minerals Corp C.EOM

Alternate Symbol(s):  GYSLF

Eco Oro Minerals Corp. is a Canadian precious metals exploration and development company. The Company was focused on the development of the Angostura Project in northeastern Colombia, which consists of the main Angostura deposit and its five satellite prospects. The International Centre for Settlement of Investment Disputes (ICSID) Arbitration Claim became the core focus of the Company.


CSE:EOM - Post by User

Comment by abcguyshon Feb 06, 2023 12:00pm
169 Views
Post# 35269395

RE:Paramo

RE:ParamoThanks notafinger - reproduced below - never ending saga ...

Colombian president reiterates negative to allow gold mining in the Andes mountains

During a meeting with pramo communities in the north-central Santander department, Colombian President Gustavo Petro reiterated his negative to allowing large-scale gold mining in the Pramo de Santurbn, a protected area of the Andes mountains.
 
Petro’s words alluded to the Soto Norte project presented by the Sociedad Minera de Santander (Minesa), a company owned by the government of Abu Dhabi through its investment arm Mubadala Investment Company. The proposal was shelved in 2020 by Colombia’s National Authority of Environmental Licences (ANLA in Spanish), under the argument that there were too many unanswered questions in Soto Norte’s environmental impact assessment and follow-up documentation submitted by Minesa.
 
One of the main issues with the EIA was related to the possibility that the gigantic tunnels needed for the mine could affect the quality and amount of water flowing from the pramo to the city of Bucaramanga’s metropolitan aqueduct, which supplies fresh water to about 2 million people. 
 
This is because, if approved, the project would be surrounded by – although technically it would be outside of – a protected area covered with subalpine forests above the continuous tree line but below the permanent snow mark, where water is naturally stored during the rainy season and released during the dry season. 
 
“The issue is the flow of the water, not the border of the pramo,” Petro said. “It is irrelevant for the city of Bucaramanga if the large gold mine is established above or below the pramo’s border if the water is affected anyway.”
 
The town hall with the pramo communities took place following a January blockade carried out by Santander’s farmers and small business owners, who were protesting the possibility of displacement due to the new boundaries proposed by the legislative power in the Santurbn area when the $1.2-billion Soto Norte project was first presented.
 
After noting that when he was a senator he said that such an idea was a “trap,” Petro ended up telling the people gathered last Friday, that Santurbn and its water belong to them.
 
“After hearing from you that there is an ongoing displacement process, or the risk or threat of displacement of farmers in the area, people who have always lived there, it becomes clear to me that wherever big mining sets up shop, people end up displaced,” the president said. “I will not allow displacements in the Colombian pramos.” 
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