Chinese in Ecuador23 Jan 2020 13:59
Worth reminding ourselves.
“ First 22,000 tonne cargo left South America earlier this
month
* Chinese smelter Tongling Nonferrous to take delivery in
late Feb
(Adds comment from Tongling Nonferrous in paragraphs 5 and 6)
QUITO, Jan 16 (Reuters) - Ecuador made its first export of
22,000 tonnes of copper concentrate from the Chinese-owned
Mirador mine, the energy ministry said on Wednesday, marking a
new milestone in the country's effort to develop a large-scale
mining industry.
Ecuador, an Andean country neighboring No. 2 copper producer
Peru, has large mineral reserves but is only beginning to
establish industrial-scale mining projects.
Mirador is run by Ecuacorriente, a subsidiary of the Chinese
consortium CRCC-Tongguan, which has a 30-year concession. It
started production in July 2019.