Ecuador: The Appeals Court rules in favour of locals opposing the Rio Blanco mine project - Hallo friendsTODAY'S NEWS AND ACCREDITED, In the article you read this time with the title Ecuador: The Appeals Court rules in favour of locals opposing the Rio Blanco mine project, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article BANKING, Article CULTURE, Article ECONOMIC, Article HOTELS, Article POLITICAL, Article SOCIAL, Article SPORTS, Article TOURISTS, Article TRAVELING, We write this you can understand. Alright, good read.

Title : Ecuador: The Appeals Court rules in favour of locals opposing the Rio Blanco mine project
link : Ecuador: The Appeals Court rules in favour of locals opposing the Rio Blanco mine project

Ecuador: The Appeals Court rules in favour of locals opposing the Rio Blanco mine project

This just in:

Minutes ago, the Azuay appeals court (in a ruling delayed since Monday) has decided that the Rio Blanco mining project (owned by Chinese company Junefield) must remain suspended until it has sought approval in a "prior consultancy" with locals around the zone. This was a hotly contested court ruling because the government of Ecuador brought the case to the Appeal court, knowing the as the clear majority of locals are opposed to the mine it would mean the project, now in construction phase, would come to an indefinite halt.

The ruling also creates legal precedent for the whole of Ecuador and means nearly all its projects will need to go through a "prior consultancy" before being allowed to move to production. And one final thing: It's plain awful news for INV Metals (INV.to) and its equally locals-hated 'Loma Larga' project a near neighbour to Rio Blanco and in the exact same regon of Ecuador.

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