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Ecuador could boost mining investments ahead of opposition

Ecuador could boost mining investments ahead of opposition

Quito, Mar 6 (Prensa Latina) Ecuador could be boosting mining investments on Monday despite opposition from indigenous communities given the environmental and social after-maths.

Local media revealed the Ecuadorian Energy and Mines Minister Fernando Santos will seek to attract investors from Canada to expand mining activity in Ecuador.

Plus, Santos will meet on Monday with several businessmen at the annual Convention of Prospectors and Developers Association of Canada (PDAC), one of the largest mining events in the world.

Santos stated major hook to attract investors will be to process 170 mining area requests, out of the 628 paralyzed since 2018.

The meeting will be held amid a context marked by the Ecuadorian government’s confrontations with indigenous communities.

Leonidas Iza, President of the Confederation of Indigenous Nationalities of Ecuador (Conaie), recently accused President Guillermo Lasso of breaking talks agreements regarding the development of mining activities.

Iza’s statement came after violent disturbances in the Fierro Urco hill, in Loja, where a group of police and military officers clashed with indigenous community members who oppose mining projects in the area. The indigenous leader condemned the Ecuadorian government is using illegal mining as a strategy to install legal mining in these territories, for which he warned that national and foreign investors could lose their capital.

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