Ecuador’s Energy Policy Mix: Development, Conservation And Nationalism With Chinese Loans – Analysis

This strategy also applies to mining. In March 2012 the government signed a US$1.4 billion contract with the state-run Chinese firm Ecuacorriente for the Mirador copper and gold-mining project, and is now negotiating a second deal with the firm. The company will have to create a fund to mitigate environmental damage and build roads and an electricity generation plant. The project faced opposition from ecologist and indigenous groups, and even within the National Assembly, due to the absence of clear environmental rules regarding soil and water pollution and the lack of respect for the territory of indigenous communities.
http://www.eurasiareview.com/18042012-ecuadors-energy-policy-mix-development-conservation-and-nationalism-with-chinese-loans-analysis/