Strife with Indigenous Groups Could Derail Ecuador’s Drive to Become Mining Power

Of the five projects with US$7 billion in investment that form the backbone of the mining effort, two - including San Carlos Panantza - have completely halted. A third is relocating some facilities due to local opposition.

RIO DE JANEIRO, BRAZIL - Conflicts with indigenous communities have stalled operations at Ecuador’s San Carlos Panantza copper mining project, which the government of President Lenin Moreno had long pointed to as an example of mining sector expansion that would generate US$40 billion in export revenue over the next decade.

Many now view the US$3 billion project bankrolled by China’s ExplorCobres S.A. as emblematic of the turmoil impeding Ecuador’s push to become an Andean mining power to rival Peru and Chile.

The project had been slated to start exporting copper this year, but a dispute . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?