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Corriente Resources information


Corriente Resources Inc.
Company typePrivate
IndustryMining
Founded1992
HeadquartersVancouver, Canada
49°17′07″N 123°06′59″W / 49.285220°N 123.116452°W / 49.285220; -123.116452
Quito, Ecuador
0°10′43″S 78°28′46″W / 0.178517°S 78.479419°W / -0.178517; -78.479419
Key people
Jin Shouhua, Chairman (CEO)
Li Dongquing (Senior VP)
ProductsCopper
Number of employees
98 (2008)
Websitewww.corriente.com
Corriente Resources' office in the Mansión Blanca Building in Quito.

Corriente Resources was a multinational corporation based in Canada that completed feasibility studies and environmental impact assessments (EIA) for open-pit copper mines in the Ecuadorian rainforest, including the Mirador mine. The Mirador mine is the first industrial scale copper mine to be developed in Ecuador.[1] Corriente Resources also completed explorations of the San Carlos Panantza mine, although development of that project was halted in 2020 by Indigenous opposition.[2]

The EIA for Mirador mine was approved in 2006, and a feasibility study for 30,000 tonnes per day production of copper-gold concentrate was completed in 2008. In 2010, the company was taken over by state-owned Chinese companies Tongling Nonferrous Metals Group Holdings Co. Ltd. and China Railway Construction Corp. Ltd. through their jointly owned subsidiary CRCC-Tongguan Investment Co. Ltd.[1][3][4]

Chinese companies began construction of Mirador mine in 2012, investing approximately $1.4 billion into the project and exporting the first shipment of copper from the mine to China in 2019. Agreements between China and Ecuador to develop the project met with popular resistance and led to protests in 2012 led by the Confederation of Indigenous Nationalities of Ecuador.[5]

  1. ^ a b "Mirador Copper-Gold Project, Zamora-Chinchipe Province, Ecuador". Retrieved 2022-07-02.
  2. ^ "Strife with indigenous groups could derail Ecuador's drive to be a mining power". Reuters. 2020-12-10. Retrieved 2022-07-03.
  3. ^ "Canada miners jump after Chinese bid for Corriente". Reuters. 2009-12-29. Retrieved 2022-07-02.
  4. ^ "Corriente accepts $379M takeover offer by Tongling, China Railway | SaltWire". saltwire. 2019-02-20. Retrieved 2022-07-02.
  5. ^ "Ecuador indigenous protesters march against mining". BBC News. 2012-03-09. Retrieved 2022-07-02.

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