Atico receives water use permit for La Plata

Executive Summary

• Atico Mining Corp. received a water use permit from Ecuador’s Ministry of Environment, Water and Ecological Transition for its La Plata project.
• The permit covers water for staff consumption, underground mineral extraction, processing plant operations, dust suppression, and environmental mitigation, with engineering plans due by October 2025.
• The approval moves the La Plata project to the final stage before obtaining an environmental licence, positioning it as construction‑ready and projecting significant direct and indirect employment during build‑out and production.

Key Details

• Permit Granted: Water use permit for industrial activities (extraction, processing, dust suppression, etc.) for the La Plata project in Ecuador.
• Regulatory Review: Approved after exhaustive review by MAATE and other state agencies; compliance verified with Unified Water Authority, local authorities, community leaders, Ombudsman’s Office, parish water boards, and productive organizations.
• Water Allocation Conditions: Must not impact local communities’ water access or agricultural/livestock use; must meet ecological flow requirements to protect aquatic habitats.
• Obligations: Company must design collection, conduction, storage, and discharge works; implement a recirculation system; continue water quality monitoring per regulations.
• Engineering Plans Timeline: Detailed engineering plans in progress, expected completion by October 2025, after which they will be submitted for final review/approval.
• Project Status: La Plata project is at the last stage of obtaining an environmental licence and other required permits; once received, the project will be construction‑ready.
• Employment Impact – Construction Phase: >600 direct jobs; 1,200–1,800 indirect jobs.
• Employment Impact – Production Phase: >300 direct jobs; 600–900 indirect jobs.

Notable Quotes

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