Mining reforms for Ecuador

摘要

Ecuador is preparing mining reforms that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold Corp, the South American country's top mining official said.Ecuador does not have a large-scale mining industry, but it has big copper, gold and silver deposits, and President Rafael Cor-rea wants to attract investment to reduce the economy's dependence on oil exports.In March, Correa signed the nation's first large-scale mining contract, under which Chinese-owned Ecuacorriente is due to invest $US1.4 billion in the El Mirador copper project.