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Mining in Ecuador: A New Dawn

Mining in Ecuador: A New Dawn

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Ecuador is on a serious quest to make its mining framework competitive and win back investor confidence after previous reforms created an unfavorable tax regime and significant uncertainty. Today, two mines are under construction, including what will be the country's first large-scale mine, and a third, the emblematic Fruta del Norte, is set to break ground in 2017. Upcoming presidential elections could bring some changes, but miners are hopeful in the country's growing understanding that mining could become a critical element of the economy.

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