ENAMI explained

Empresa Nacional Minera
Type:	Public company
Industry:	Mining
Founder:	Government of Ecuador
Hq Location City:	Quito
Hq Location Country:	Ecuador

Empresa Nacional Minera (ENAMI EP) is an Ecuadorian state-owned mining company based in Quito. It was created in 2010 by a decree signed by the President of Ecuador, Rafael Correa.^{[1] [2]}

ENAMI operates the Rio Santiago and the Pacto gold mines; and has a partnership with the Chilean company Codelco to develop several copper deposits.^[3] The Junin deposit, located in the Intag region, was previously explored by Mitsubishi and Canada's Ascendant Copper Corp. Ascendant lost its concession due to questions about the legality of its claims and opposition from local residents.^[4]

According to Rainforest Rescue, ENAMI plans to exploit copper reserves in rainforests.^[5]

Notes and References

1. Web site: Información General. enamiep.gob.ec. ENAMI. 22 July 2015.
2. Web site: El Directorio de la Empresa Nacional Minera (ENAMI EP) se reúne hoy por primera ocasión. elmuercurio.com.ec. Diario El Mercurio. 22 July 2015. 23 July 2015. https://web.archive.org/web/20150723063508/http://www.elmercurio.com.ec/228186-el-directorio-de-la-empresa-nacional-minera-enami-ep-se-reune-hoy-por-primera-ocasion/#.VbAHwkaqLAI. dead.
3. Web site: Minera estatal cuadriplicará sus ganancias en el 2014. telegrafo.com.ec. El Telégrafo. 22 July 2015.
4. News: Matthew Craze and Nathan Gill. Codelco Seeks Entry to World-Class Ecuador Mine: Chamber. Bloomberg News. 13 July 2012. 22 July 2015. Bloomberg L.P..
5. Web site: Ecuador: Copper Mine threatens spectacled bears.