Ecuador seeks to attract investment from foreign mining companies
Ecuador busca atraer inversiones de mineras extranjeras
Intel ID : 231938
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The government of Ecuador seeks to attract investment from foreign and domestic mining companies to stimulate the country's emerging mining industry and reduce its dependence on oil, reported Bloomberg on 2 December, 2015, citing minister of mines, Javier Cordova. In January 2016, the government will begin offering new mining concessions and some potential bidders could be UK-based Rio Tinto (ASX:RIO), with which Cordova met in April 2015, Australia-based SolGold (LSE:SOLG), Canada-based Odin Mining and Exploration, and Ecuador-based Cornerstone Ecuador. Even though metal prices are not the best at the moment to start mining ventures, Ecuador has passed multiple legal and tax reforms to attract investors, the report stated.
(content in spanish)
El gobierno de Ecuador busca atraer inversiones de mineras extranjeras y locales para darle un empujón a la industria minera emergente del país y reducir la dependencia en el petróleo, ha publicado Bloomberg el 2 de diciembre de 2015, citando al ministro de minas, Javier Cordova. En enero de 2016, el gobierno comenzará a ofrecer nuevas concesiones mineras y algunas de las empresas interesadas serían la británica Rio Tinto (ASX:RIO), con la que Cordova se ha reunido en abril de 2015, la australiana SolGold (LSE:SOLG), la canadiense Odin Mining and Exploration y la ecuatoriana Cornerstone Ecuador. Aunque los precios de los metales no son los mejores en este momento para comenzar negocios mineros, Ecuador ha lanzado múltiples reformas jurídicas e impositivas para atraer inversiones, según lo publicado. |
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55.05.02 Copper & Cobalt Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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55.05.03 Gold Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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55.05.02 Copper & Cobalt Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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55.05.01 Aluminum Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources 55.05.04 Iron & Steel Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources 55.05.08 Specialty Metals & Minerals 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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55.05.03 Gold Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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55.05.02 Copper & Cobalt Mining & Refining 55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources |
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50.01.01 Executive & Legislative Offices/Bodies 50 Public Services & NGOs / 50.01 Government & Public Administration |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.