Barrick on Ecuador5 Dec 2024 02:23
Alvarez sums up Ecuador’s potential and its need to get things moving in one paragraph
“ Ecuador offers foreign investors contracts that ensure legal and fiscal stability – probably the most crucial factors international companies seek for long-term investments. On top of that, the country has excellent geological potential for tier one projects, which are increasingly rare worldwide.
The country’s geographical position, ports and solid road network are also competitive advantages. However, significant work is needed on social licensing and the permitting process to support the industry’s growth”