Responsible Water Management
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Atico Mining Obtains Water Permit for the La Plata Project in Ecuador
Globenewswire· 2025-10-01 20:30
Core Viewpoint - Atico Mining Corporation has received a water use permit from the Ministry of Environment, Water and Ecological Transition for its La Plata project, allowing for various industrial activities including extraction and processing [1][2]. Group 1: Permit Details - The permit confirms that water allocation adheres to priority guidelines, ensuring no negative impact on local communities' water access or agricultural use [2]. - The Unified Water Authority has verified compliance with ecological flow requirements to protect aquatic habitats [2]. - The permit allows water use for staff consumption, underground mineral extraction, processing plant operations, dust suppression, and environmental mitigation measures [3]. Group 2: Water Management Obligations - The company is required to design all water management systems in accordance with national and international standards, including a recirculation system and ongoing water quality monitoring [4]. - Detailed engineering plans for water management are in progress and expected to be completed by October 2025 for review and approval [4]. Group 3: Project Employment Impact - The La Plata project is nearing the final stages of obtaining necessary environmental licenses and permits, making it construction-ready [5]. - During construction, the project is expected to create over 600 direct jobs and between 1,200 to 1,800 indirect jobs, with more than 300 direct jobs and 600 to 900 indirect jobs during commercial production [5]. Group 4: Company Overview - Atico Mining Corporation focuses on exploring, developing, and mining copper and gold projects in Latin America, generating significant cash flow from the El Roble mine and developing the La Plata VMS project in Ecuador [6].