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Mining is booming in Ecuador

The Ecuadorian government supports the mining sector. The country's exports are already growing.

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Ecuador's exports from the mining sector reached a new monthly record of almost 180 million US dollars in June 2021. China plays a decisive role here, as it is the source of enormous demand for raw materials. Ecuador's mining exports are expected to reach 1.6 billion US dollars in 2021 as a whole. This would be around 60 percent more than in 2020. The Fruta del Norte gold mine and the Mirador copper property are responsible for this growth.

Uncertainties prevail in the neighboring countries of Peru and Colombia, which may turn out to be positive for Ecuador. Foreign investors are also getting more protection for their investments in Ecuador. Because it looks like Ecuador is getting closer and closer to international legal requirements in order to strengthen the mining industry.

Guillermo Lasso has been president of Ecuador since May. When the Ecuadorian economy collapsed in 1999, Lasso was appointed as the sole super-minister. He was responsible for managing the economic crisis. One of his first acts as president in 2021 was to set the goal of a free trade treaty with the United States and China. Lasso is a proponent of mining, wants to make mining more efficient and promote contracts with private investors. The Decree 151 he issued is seen as a clear support for the mining sector.

Increasing foreign investments, especially from Canadian companies, show the growing confidence in Ecuador's mining industry. Mining in Ecuador is carried out by Aurania Resources and Adventus Mining, for example. 
Aurania Resources - https://www.youtube.com/watch?v=88pChq5Oulg - focuses on its projects in Ecuador and also in Peru, especially on precious metals and copper. 
Adventus Mining - https://www.youtube.com/watch?v=S-yOuL-Cj8Y - focuses on other projects, especially the large Curipamba-El Domo project in Central Ecuador (gold and copper).

Current corporate information and press releases from Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/) and Adventus Mining (https://www.resource-capital.ch/en/companies/adventus-mining-corp/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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