Mining In Ecuador
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Mining In Ecuador
Mining in Ecuador was slow to develop in comparison to other Latin American countries, in spite of large mineral reserves. As late as 2012, according to the United Nations'', ''Ecuador received less foreign direct investment per person than any other country in Latin America. During the 1980s, mining contributed only 0.7 percent to the Ecuadorian economy and employed around 7,000 people. Minerals were located in regions with little to no access, hindering exploration. Ecuador has reserves of gold, silver, copper, zinc, uranium, lead, sulfur, kaolin and limestone. The latter practically dominated the early industry as it was used in local cement plants. Gold, which was largely forgotten since its early exploitation in the sixteenth century, regained momentum in the 1980s. Ecuador was exporting 2.4 tons per year by 1987, which was mostly discovered in the southern Sierra region, as well as the southeastern province of Zamora-Chinchipe. In 1985 Ecuador's Congress passed a new law t ...
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United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations. It is the world's largest and most familiar international organization. The UN is headquarters of the United Nations, headquartered on extraterritoriality, international territory in New York City, and has other main offices in United Nations Office at Geneva, Geneva, United Nations Office at Nairobi, Nairobi, United Nations Office at Vienna, Vienna, and Peace Palace, The Hague (home to the International Court of Justice). The UN was established after World War II with Dumbarton Oaks Conference, the aim of preventing future world wars, succeeding the League of Nations, which was characterized as ineffective. On 25 April 1945, 50 governments met in San Francisco for United Nations Conference ...
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2012 Ecuadorian Protests
The 2012 Ecuadorian protests were a series of demonstrations by indigenous peoples who oppose the copper mining concessions in the province of Zamora-Chinchipe. On 22 March, the protesters reached the capital Quito to be met with counter protesters and warnings from the government and President Rafael Correa. Background The protests commenced in part due to an agreement between Ecuador and Chinese company Ecuacorriente S.A. for a 25-year investment contract of US$1.4 billion (£900m) to develop the Mirador mine, an open-pit copper mine in the southeastern Amazonian region, including the province of Zamora-Chinchipe. The Confederation of Indigenous Nationalities of Ecuador (CONAIE), the umbrella organisation leading the protest march, claim to represent a third of Ecuador's 14 million population. CONAIE also supported Correa in the 2006 election when he won his first term, as well as many of his programmes; however they later accused him of favouring free market policies in d ...
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The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published six days a week by Dow Jones & Company, a division of News Corp. The newspaper is published in the broadsheet format and online. The ''Journal'' has been printed continuously since its inception on July 8, 1889, by Charles Dow, Edward Jones, and Charles Bergstresser. The ''Journal'' is regarded as a newspaper of record, particularly in terms of business and financial news. The newspaper has won 38 Pulitzer Prizes, the most recent in 2019. ''The Wall Street Journal'' is one of the largest newspapers in the United States by circulation, with a circulation of about 2.834million copies (including nearly 1,829,000 digital sales) compared with ''USA Today''s 1.7million. The ''Journal'' publishes the luxury news and lifestyle magazine ' ...
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Confederation Of Indigenous Nationalities Of Ecuador
The Confederation of Indigenous Nationalities of Ecuador ( es, Confederación de Nacionalidades Indígenas del Ecuador) or, more commonly, CONAIE, is Ecuador's largest indigenous rights organization. The Ecuadorian Indian movement under the leadership of CONAIE is often cited as the best-organized and most influential Indigenous movement in Latin America Formed in 1986, CONAIE firmly established itself as a powerful national force in May and June 1990 when it played a role in organising a rural uprising on a national scale. Thousands of people blocked roads, paralyzed the transport system, and shut down the country for a week while making demands for bilingual education, agrarian reform, and recognition of the plurinational state of Ecuador. This was the largest uprising in Ecuador's history and established a new form of contention that would serve as a blueprint for a string of later uprisings. CONAIE-led uprisings had a role in the fall of president Abdali Bucaram and subse ...
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Inter-American Court Of Human Rights
The Inter-American Court of Human Rights (IACHR or IACtHR) is an international court based in San José, Costa Rica. Together with the Inter-American Commission on Human Rights, it was formed by the American Convention on Human Rights, a human rights treaty ratified by members of the Organization of American States (OAS). Pursuant to American Convention, the Inter-American Court works with the Inter-American Commission to uphold and promote basic rights and freedoms. It has jurisdiction within 25 of the 35 member states of the OAS that have acceded to its authority, the vast majority in Latin America. The court adjudicates claims of human rights violations by government and issues advisory opinions on interpretations of certain legal matters. Twenty-nine OAS members are also members of the wider-scale International Criminal Court. Purpose and functions The Organization of American States established the Court in 1979 to enforce and interpret the provisions of the American ...
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Human Rights Commission
A human rights commission, also known as a human relations commission, is a body set up to investigate, promote or protect human rights. The term may refer to international, national or subnational bodies set up for this purpose, such as national human rights institutions or (usually temporary) truth and reconciliation commissions. International National or subnational bodies National and sub-national human rights commissions have been established in a number of countries for the promotion and protection of their citizens' human rights, and most commissions are public bodies but with some degree of independence from the state. In other countries the ombudsman performs that role. The commissions below are state-sponsored except where indicated. Africa Asia-Pacific Europe Americas See also *Truth and reconciliation commission *Ombudsman An ombudsman (, also ,), ombud, ombuds, ombudswoman, ombudsperson or public advocate is an official who is usually appointed by t ...
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Indigenous Peoples In Ecuador
Indigenous peoples in Ecuador, or Native Ecuadorians, are the groups of people who were present in what became Ecuador before the Spanish colonization of the Americas. The term also includes their descendants from the time of the Spanish conquest to the present. Their history, which encompasses the last 11,000 years, reaches into the present; 25 percent of Ecuador's population is of indigenous heritage, while another 55-65 percent are Mestizos of mixed indigenous and European heritage. Genetic analysis indicates that Ecuadorian Mestizos are of predominantly indigenous ancestry. Archaeological periods While archaeologists have proposed different temporal models at different times, the schematic currently in use divides prehistoric Ecuador into five major time periods: Lithic, Archaic, Formative, Regional Development, and Integration. These time periods are determined by the cultural development of groups being studied, and are not directly linked to specific dates, e.g. th ...
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The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ...
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Fruta Del Norte Mine
The Fruta del Norte deposit is the largest gold deposit in Ecuador. The deposit is part of the Corriente Copper Belt located in the Amazon province of Zamora-Chinchipe. In 2006 Aurelian Resources discovered a large deposit at Fruta del Norte, estimated between 6.8 and 10 million ounces of gold and between 9.1 and 14 million ounces of silver. Following changes to Ecuadorian mining laws that limited foreign ownership of mining projects, the Canadian company Kinross Gold Kinross Gold Corporation is a Canadian-based gold mining, gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining ... acquired Aurelian Resources in 2009 and took on the project. Despite the project's potential, and just days before Congress passed a new mining law in 2013, Kinross pulled out of Ecuador after a dispute over windfall taxes, reporting a loss of $720 million. In 2014 Ki ...
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Windfall Profit Tax
A windfall tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry. There have been windfall taxes in various countries across the world, including Mongolia, Australia, and on wind power in Turkey. Australia In Australia, windfall taxes include: * Commonwealth places windfall tax, imposed under the ''Commonwealth Places Windfall Tax (Collection) Act 1998'' (1998 No 25) and the ''Commonwealth Places Windfall Tax (Imposition) Act 1998'' (1998 No 26) * Franchise fees windfall tax, imposed under the ''Franchise Fees Windfall Tax (Collection) Act 1997'' (1997 No 132), ''Franchise Fees Windfall Tax (Imposition) Act 1997'' (1997 No 133), and ''Franchise Fees Windfall Tax (Consequential Amendments) Act 1997'' (1997 No 134) In both cases, windfall tax originates in High Court decisions that certain state taxes were unconstitutional. Thus, the States were required to repay to the taxpayers the amounts previously collected under thes ...
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Rafael Correa
Rafael Vicente Correa Delgado (; born 6 April 1963), known as Rafael Correa, is an Ecuadorian politician and economist who served as President of Ecuador from 2007 to 2017. The leader of the PAIS Alliance political movement from its foundation until 2017, Correa is a democratic socialist and his administration focused on the implementation of left-wing policies. Internationally, he served as president '' pro tempore'' of the UNASUR. Born to a lower middle-class mestizo family in Guayaquil, Correa studied economics at the Universidad Católica de Santiago de Guayaquil, the University of Louvain (UCLouvain), and the University of Illinois, where he received his PhD. Returning to Ecuador, in 2005 he became the Minister for the Economy under President Alfredo Palacio, successfully lobbying Congress for increased spending on health and education projects. Correa won the presidency in the 2006 general election on a platform criticizing the established political elites. Taking off ...
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