Ecuador’s Largest Copper Mine Curbs Operations Amid Protests
- Road blockages and demonstrations continued on Saturday
- Lost oil production estimated at $64 million: El Comercio
Demonstrators clash with riot police during a protest over a fuel price hike ordered by the government to secure an IMF loan, in Quito on Oct. 11.
Photographer: Martin Bernetti/AFP via Getty Images
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Ecuador’s only large-scale copper mine is curbing operations as a precautionary measure while protests against an end to government fuel subsidies continue across the country.
Operations will return to normal as soon as the situation settles nationally, owner EcuaCorriente SA said in a statement on Saturday. The $1 billion Mirador project in Zamora-Chinchipe province started operating in July and is owned by a joint venture of Tongling Nonferrous Metals Group Co. and China Railway Construction Corp.