Ecuador, seeking investment, buffs up mining sector

摘要

Rebranding itself as a mining-friendly jurisdiction, Ecuador has high hopes that incentives and tax benefits will polish its tarnished image and attract $US5 billion worth of investment over the next five years, a senior minister told Reuters. The small Andean nation believes that incentives passed in October will attract foreign miners to help develop its gold and copper riches. They include 30-year investment contracts that promise tax stability, and accelerated depreciation.