ESG

Panantza camp attacked in Ecuador

Armed group attacks project camp

This article is 5 years old. Images might not display.

The company reported its La Esperanza camp was violently attacked by people throwing dynamite and shooting guns, and burning several installations and vehicles.

The project in Morona Santiago province is at the advanced exploration stage, although work has been paralyzed since 2006 due to opposition to its development from the Shaur-Achuar Nankints indigenous community.

The community filed a protective action against the project in 2019 seeking the cancellation of its licence and compensation for the communities on the grounds that developer, China's Ecuacorriente, violated their human rights and will harm the environment.

San Carlos Panantza could annually produce some 209,000 tonnes of copper as well as 23,000 ounces of gold, 1.1Moz silver and 1,400t of molybdenum following an initial capital investment which could be as high as US$3 billion.

Ecuador saw its first large-scale copper and gold mines start production in 2019 with Ecuacorrientes Mirador and Lundin Gold's Fruta del Norte.

Mining and exploration in Ecuador is currently suspended as part of government measures to prevent the spread of the COVID-19 virus.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.

editions

Investor Sentiment Insights 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.