Why Ecuador

► Why is Ecuador’s metals & mining sector of regional & global importance?

► Why are global metals & mining groups financially committing to new projects & exploration lands?

Ecuador is located between and shares geology with renowned mining countries of Peru and Colombia, but is only now beginning to establish its own modern mining sector – significant deposits of copper and precious metals have been found in the Andean belt from Chile all the way north through to Central America
Spanning the Pacific coast to the high Andes, Ecuador is rich in natural resources but has been under-explored for metallic minerals – significant discoveries such as Lundin Gold’s Fruta del Norte only date back to 2006, which suggest new discoveries to come

The Government of Ecuador is firmly committed to encouraging foreign investment for economic development and is working to further grow its modern mining sector as a major engine of social and economic advancement – evidenced by significant legal and fiscal reforms in recent years, which have included: elimination of the windfall tax, VAT rebates, reduction in royalty rates, and new allowances for exploration drilling on early exploration permits
Adventus’ El Domo – Curipamba Project is only the 3^rd mining project to have signed an Investment Protection Agreement and have received approval for its environmental and social impact assessment (ESIA) from the Government of Ecuador
Forward-thinking fiscal policies have included currency conversion to the US dollar (2000), major investments by Chinese entities (since 2000s), formal trade agreement with the European Union (2016)
Metals and minerals are already Ecuador’s 4th largest export product, only after shrimp, petroleum and bananas, and expected to grow in future years

Tax and royalty revenues from oil and gas sector, have been strategically applied and reinvested in modern infrastructure projects throughout Ecuador – government and business leaders recognize the importance of infrastructure in ensuring Ecuador’s long term competitiveness in Latin America
Pacific coastline, proximity to Panama Canal, and modernizing port and highway logistics are significant regional and global advantages

Ecuador is an oil producer with some of the lowest cost domestic diesel and gasoline in the Americas
Investments in hydroelectric power plants provide abundant power supply to most regions at among the lowest electricity costs in the Americas – over 85% of the electricity grid in Ecuador is from renewable sources

Projects