Chile and Ecuador Restart Copper Talks After Long Impasse
- Ecuador minister says Codelco conversations are ‘excellent’
- Barrick and Buenaventura interested in Ecuador, minister says
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After a yearslong deadlock, Ecuador and Chile have resumed negotiations over a partnership to develop a major copper deposit just as demand for the wiring metal is set to surge in a nascent clean-energy transition.
Chile’s state copper producer Codelco agreed to a request by its Ecuadorian counterpart Enami to suspend two arbitration processes over the Llurimagua copper-molybdenum exploration project in the Andean region of Imbabura, Ecuador Energy and Mines Minister Xavier Vera said.