World Bank exits controversial Angostura goldmine project in Colombian moorland

Black lagoon of Colombia's Santurban moorlands. Photo by Paola Peñaloza via Wikimedia CommonsBlack lagoon of Colombia’s Santurbán moorlands. Photo by Paola Peñaloza via Wikimedia Commons

BOGOTÁ – A four year-old complaint against global mining company Eco Oro Minerals Corp.has resulted in an investigation and divestment from major investors in a regional project in Colombia. The International Finance Corporation (IFC), the private lending arm of the World Bank, was pressured to divest from a major mining project in Colombia owned by Eco Oro in December 2016. The Canadian junior mining company has struggled since the 1990s (then named Greystar Resources Limited) to develop its Angostura goldmine that is prospected in Colombia’s Santurbán Páramo – a high altitude wetland ecosystem.

Read my article for Mongabay.

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