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 . . .