Ecuador has suspended the environmental license for Dundee Precious Metals’ Loma Larga gold-copper-silver project, marking another setback for mining development in the South American nation.
The Ministry of Environment announced the decision Monday, citing the need to conduct additional consultations with local communities in compliance with a Constitutional Court ruling from 2022.
Located in Ecuador’s southern Azuay province, the Loma Larga project has faced persistent opposition f
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Ecuador has suspended the environmental license for Dundee Precious Metals’ Loma Larga gold-copper-silver project, marking another setback for mining development in the South American nation.
The Ministry of Environment announced the decision Monday, citing the need to conduct additional consultations with local communities in compliance with a Constitutional Court ruling from 2022.
Located in Ecuador’s southern Azuay province, the Loma Larga project has faced persistent opposition from environmental groups and nearby communities concerned about potential impacts on water sources. The project site sits near the city of Cuenca, an area known for its agricultural production.
Dundee Precious Metals, the Canadian mining company that acquired the project last year, expressed disappointment with the decision. The company stated it is reviewing the suspension and evaluating available legal options.
This development comes amid growing challenges for Ecuador’s mining sector, which President Daniel Noboa has identified as crucial for economic growth. The country has struggled to balance its ambitions to develop mineral resources with environmental concerns and indigenous rights.
Industry analysts note that the suspension highlights the ongoing regulatory uncertainty facing international mining companies operating in Ecuador, potentially impacting future investment in the sector.
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