May 2020

The Role of Mining in Ecuador's Economic Reactivation

In 2019, Ecuador saw commencement of operations for two large-scale mining projects: Mirador by Ecuacorriente and Fruta del Norte by Lundin Gold. In a country that has traditionally been dependent on its oil industry, the mining sector has accounted for more than 50% of the incoming FDI in recent years. The current situation arising from the COVID-19 pandemic and record lows in oil prices, as well as record highs for precious metals such as gold, is further highlighting the role of the mining industry and its national role as a driver for development. As Ecuador embarks on reopening its mining cadastre to facilitate more responsible mining activity, The Business Year brings together key stakeholders to discuss what is on offer in the country's promising mining industry. Follow The Business Year Website Twitter Facebook Instagram LinkedIn Podcast