Ecuadoran President Sets Out Positive Actions to Boost Mining
Bnamericas reported that in an executive decree, Ecuadoran President Mr Guillermo Lasso set out guidelines for his government's mining policy, establishing deadlines for various actions to support and expedite the execution of mining projects considered of strategic importance, all seen as positive signals by the industry. Ecuadoran mining chamber spokesman Andrés Ycaza told Bnamericas “The decree is very objective. It sets real and essential objectives for the sector and recognizes the need for the industry to have certainty in its processes. The message that the president has given is very positive and shows the importance of mining to the country."
Ycaza added that during a meeting between Lasso and the board of the mining chamber, the president set the ambitious goal of attracting US$2bn in mining investments during his four-year government term, which means that he understands the current opportunity for the industry, as there are various projects that can be accelerated.
Among the projects that could be promoted, Ycaza mentioned Loma Larga, Curipamba, La Plata, Cascabel and Ruta del Cobre, which in the next 2-4 years could start building mines, with positive effects on investment and the creation of jobs.