Ecuador11 Dec 2023 12:20
developing the mining sector high on the agenda
december 10, 2023.- andrea arrobo, minister of energy and mines, made her first speech at a semi-public event pointing out her commitment to the development of the mining sector due to its importance in strengthening the national economy in the government of the “new ecuador”, as calls itself the administration of president daniel noboa.
for this, she mentioned the total export of about us$5 billion in minerals from the first large-scale mines and 10 billion in projected investments to put the mining projects that make up the prioritized portfolio into production.
she spoke about how her portfolio faces a new challenge in which “having her initiatives and proposals is of vital importance, especially when mining represents ecuador's fourth largest category of non-traditional exports.”
the statements were made at the night of the 18th enaep 2023 annual mining meeting “innovation and critical minerals for the energy transition”, which took place in quito on december 7 at the la unión club with the presence of businessmen from the sector. mining-energy.
the meeting, organized by maría rosa tapia, from seminarium, also had the participation of the minister of production, foreign trade, investments and fisheries, sonsoles garcía, stephen potter, canadian ambassador to ecuador, andrés rebolledo, executive secretary of olade and josé ramón gómez, from the idb and the executive director of anto***asta minerals, president of the mining council of chile and first latin american president of the international council on mining and metals, iván arriagada.
we have a clear horizon, arrobo said as she began her intervention. “promote investment and innovation to generate new mining projects, but to achieve this we need to work in coordination with the private sector.”
he added that to achieve this, “in the new ecuador the institutions will no longer be isolated, independent republics, but will work together under the leadership of president daniel noboa azin, to create synergies and attract international capital because today more than ever they are key to complying with our objectives, responsible and sustainable mining.”
we are committed to creating a safe and transparent environment for national and international companies and from the government we will take the initiative to give them legal security, he added.
in addition to the production of the two large-scale mines, mirador and fruta del norte, he mentioned six projects that have great potential to contribute significantly to the country's economic progress: loma grande, curipamba, la plata, cascabel, warintza and cangrejos, among others.
“to date, the two aforementioned mines have produced and sold a total amount of $5 billion in gold and copper,” he stated.
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