Ecuador suspends Canadian-owned mining licence after mass protests

Source:
Business in Vancouver

Stefan Labbé, Business in Vancouver

Critics accuse Ecuador's president of a conflict of interest due to his family's investments in a Canadian mining firm that could be shielded by a pending Canada-Ecuador free trade agreement.

Ecuador’s president says he has initiated a process to suspend the environmental licence of a Canadian-owned mining operation after tens of thousands of protesters rallied across the country calling for reforms. 

President Daniel Noboa announced Thursday he had moved to suspend the US$419-million Loma Larga gold mining project — owned by Canada’s Dundee Precious Metals — after regional protests in the country’s central Azuay province. 

...

Read the full article here