Ecuador: Investment in mining to reach $600 million in 2016

Mining will be a source of fresh resources to the national economy, in a year characterized by low growth and a contraction of public investment. Unlike the oil sector, which remain contracted, met expectations of low prices for the 2016; investment which will require the construction of major large-scale mining projects will be around USD 600 million. These investments in strategic sectors no longer come from the State, as in past years, but private mining Corriente and Junefield (China); Lundin (Sweden – Canada) and Codelco (Chile). For this year, it expected Corriente started with the opening of the mine pit open for copper mining project in the Mirador sky. Read Article