Great geological potential in Ecuador
Great geological potential in Ecuador
Neighbouring Peru and Colombia are already renowned mining countries, Ecuador is catching up
The geology of the three countries, Peru, Colombia and Ecuador is the same. In Ecuador, however, the mining sector is only now being developed with modern means. Stretching from the Pacific coast to the Andes, Ecuador has rich resources. Not too much has yet been explored. The Fruta del Norte gold and silver project has received some notoriety. Favorable for mining companies in Ecuador is the strong state support. This is because the country views modern mining as an important milestone for long-term economic growth. This is evidenced by significant legal and fiscal reforms in recent years. Thus, Ecuador has invested in infrastructure projects, also a not insignificant criterion for the mining industry.
Ecuador is also attractive for the mining sector because many Ecuadorians have great experience in the industry. In the process, many of the experts have returned to Ecuador for current projects. Universities and technical colleges also provide strong education. If the government in Ecuador has its way, foreign investment should be encouraged. The Andean country is also proving to be forward-looking in terms of financial policy; currencies are converted into US dollars and there is a formal trade agreement with the European Union. The proximity to the Panama Canal and the modernization of port and highway logistics should prove to be an advantage.
Mining companies that have chosen Ecuador as a destination because they recognize the potential include Adventus Mining and Aurania Resources.
Adventus Mining - https://www.youtube.com/watch?v=yHazC4ybcxQ - is developing the Curipamba-El Domo project in central Ecuador with local partner Salazar Resources. In addition, Adventus Mining participates in a nationwide exploration association.
Aurania Resources - https://www.youtube.com/watch?v=88pChq5Oulg - has several projects in Ecuador, including The Lost Cities-Cutucu project and also properties in Peru.
Current corporate information and press releases from Adventus Mining (www.resource-capital.ch/en/companies/adventus-mining-corp/) and Aurania Resources (www.resource-capital.ch/en/companies/aurania-resources-ltd/).
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