The government of a key mining province in southern Ecuador has proposed a popular referendum on the development of new mines in the region, the latest obstacle to market-friendly President Lenin Moreno’s efforts to attract foreign mining investment.
Azuay province is home to several potentially lucrative gold, silver and copper projects, including the Loma Larga project operated by Canada’s INV Metals (INV.TO) and the Rio Blanco mine, owned by a Chinese consortium consisting of Junefield Mineral Resources Limited and Hunan Gold Group.
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