Ecuador has signed mining investment commitments worth more than $4.8 billion

the authorities Subordinate The productive sector Ecuador and its representatives Canadian mining companies They signed Investment commitments for more than 480 million. The agreements were signed on Monday, March 4, 2024.

Minister of Production, Sonsoles Garciaannounced on his account X (formerly Twitter) that the country had identified a mark “turn” By subscribing to this Agreements Those seeking development Sustainable projects In the mining sector.

The signature is made in a frame Global Exploration and Mining Agreement in CanadaOne of the most important events in the world for this sector.

According to Garcia, the agreements formally express Mutual interest Ecuador and Investors In follow up Procedures in place In Ecuadorian legislation. With these you can specify Project scopeCommitments, ScheduleApprovals and responsibilities of each party.

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“We are laying the foundations for Negotiations and cooperation in the future“With a sustainable, responsible and long-term business approach,” the minister wrote.

All day, boss Daniel Noboa foot Mining potential in Ecuador. There he indicated the country’s will to do so Attract good investmentAs well as creating a Decision mechanism Disagreements between investors and the executive authority.

Before my manager Mining companies and investorsNoboa reviewed the situation in which Ecuador found itself when it came to power. As he talked about progress Made within the last 100 days. In this sense, he emphasized that his government considered… The mining sector is an economic priority.

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