Ecuador has made itself one of the world’s most attractive mineral investment destinations, its Mines Minister, Javier Cordova Unda, told the International Mining and Resources Conference in Melbourne today.
Key components include creating a competitive fiscal regime with competitive systemic advantages, adding that despite a reduced tax rate, tax receipts from a rapidly expanding industry in Ecuador were expected to rise dramatically over the next four years.
Combined with the nation’s geological attractions, this has resulted in some strikingly successful projects, he said. As a result, investment flows were rising at well above world standard.
Minister Unda cited Rio Blanco, Mirador, Loma Larga and Lundin Gold’s Fruta del Norte as projects that were forging ahead.