With Only 10% of Ecuador Explored, Is It Time To Get In? – Mining Minister

from Kitco NEWS

With prices up and investors interest back, mining executives looking to explore new opportunities may want to look to Ecuador, this according to the country’s Mining Minister Javier Cordova. At the world’s largest mining convention, the PDAC, Cordova told Kitco News Ecuador is looking to attract $750 million in foreign investment to develop the country’s mining sector. ‘We have now created the necessary conditions for investment,’ he explained, noting that tax incentives and investor security measures have been taken in order to encourage mining activity in the country. ‘We are a one-year-old ministry, created in February 2015, because we wanted to give strong support to mining.’ Cordova also commented on developments at Lund Gold’s Fruta Del Norte project, which has nearly 10 million ounces of high-grade resources.