► Why is Ecuador's metals & mining sector of regional & global importance?
► Why are global metals & mining groups financially committing to new projects & exploration lands?
Untapped Geological Potential
- 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
- 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 Fruta del Norte only date back to 2006, which suggest new discoveries to come
Strong Government Support
- The Government of Ecuador is firmly committed to encouraging foreign investment for economic development and views a modern mining sector as a pillar of long term economic growth - 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
- 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)
- Minerals are already Ecuador's 4th largest export product, only after shrimp, oil and bananas
Modern Infrastructure to Support Growth
- 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 global advantages
Low Energy Costs
- Ecuador is an oil producer with some of the lowest cost domestic diesel and gasoline in the Americas
- Recent 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
- Ecuador is an attractive country for metals and mining sector professionals - many Ecuadorians have extensive engineering, construction and operations experience globally, with a significant number having returned to Ecuador on recent projects
- Vigorous universities and technical colleges continue to train a young and eager workforce - Ecuador's leaders recognize the positive economic multiplier effects of mining and construction development
The Adventus Advantage in Ecuador
Adventus is committed to the advancement of the El Domo - Curipamba copper-gold project in central Ecuador. In addition, Adventus with its partner in Ecuador are in a country-wide Exploration Alliance which targets new discoveries and greenfield projects - two projects (Pijili and Santiago) in southern Ecuador have been incorporated to date.
We recognize our responsibilities to stakeholders of Ecuador and work hard to ensure our reputation as a constructive partner in Ecuador's continuing economic development.