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The incoming Energy Minister inherits a five-front crisis: a 900+ MW power generation gap, record electricity demand of 5,374 MW, oil output at its lowest since 2003, and a dormant mining cadastre. Here's what that means for daily life.
The Cangrejos project, ranked 13th among the world's largest undeveloped gold deposits, gets a 26-year exploitation contract. Chinese-backed Odin Mining will invest $1.6 billion and generate 1,168 jobs. The government expects $6 billion in total revenue.
Indigenous leader Marlon Vargas calls President Noboa's urgent mining and energy reform a threat to water, territories, and collective rights. The National Assembly has until March 2 to vote on the bill, and CONAIE is calling for unity against it.
Ecuador’s largest gold mine exported a record $1.8 billion in 2025 — a 51% jump from the prior year — as gold prices topped $5,000 per ounce for the first time. Lundin Gold just announced $100 million in new exploration spending and discovered a fifth copper-gold deposit, signaling the mining boom is just getting started.
Ecuador signed a bilateral mining framework with the United States at the inaugural Critical Minerals Ministerial on February 4. The agreement positions Ecuador's copper and gold reserves as strategically important to Washington -- and adds fuel to the mining debate in Azuay.
The government has indefinitely suspended all mining in Napo province and restricted processing plants in El Oro and Loja after detecting arsenic, cyanide, and heavy metals at dangerous levels in Amazonian rivers.
The government has indefinitely suspended all mining activity in Napo and restricted processing plants in El Oro and Loja after finding heavy metals in the Amazon's Napo River and links between illegal mining operations and drug cartels.
