- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Speaking with INN, Remi Piet of AMI said that major copper and gold projects in Ecuador face a tough future depending on community support.
Ecuador’s promising run of new copper and gold projects could be brought to a halt in the face of organized community opposition, according to Remi Piet, who is senior director at Americas Market Intelligence (AMI).
Piet is a fount of knowledge on Latin American politics, and, in an interview with the Investing News Network, he gave his take on the situation on the ground in Ecuador and elsewhere in Latin America, where mining has a major economic role.
In recent years, Ecuador has become somewhat of a superstar in the mining world; it has advantageous geography and geology as it’s in the Andes, along with copper-mining giants Peru and Chile, and its current president has been more open to the mining community than his predecessor.
Piet said that the mining community is organized in Ecuador and it has made attempts to explain itself and its work to the broader community, though some miners are having troubles.
INV Metals (TSX:INV), a Canadian miner that acquired the Lomo Larga gold mine in Ecuador in 2012 from IAMGOLD (TSX:IMG,NYSE:IAG), has since faced organized community challenges through a local referendum, while SolGold’s (TSX:SOLG,LSE:SOLG,OTC Pink:SLGGF) Cascabel copper-gold project could face the same hurdles.
A constitutional ruling on whether the local referendums can halt development will decide how much pain these advanced-stage projects will go through — and if they will ever reach production.
Piet also talked about similar issues in Colombia, and in an interview to be published next week, touches on Argentine and Bolivian politics and the future of mining in those countries.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Scott Tibballs, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.