Mining sector expects to invest at least $ 400 million

With the creation of the Ministry of Mining in recent weeks, the government expects to give a definite boost to mining projects of medium and large scale, considered strategic for the country.

The five main are in the awaiting since 2010, but none has yet entered in the production phase. For this year an investment of at least $ 400 million is expected in four of these areas that are run by Ecuacorriente and Junefield of China and Lundin and INV Metals of Sweden and Canada.

Mining Minister Javier Córdova said that 2015 will be a break year for the industry, since the construction of the opencast mine of the copper project Mirador will start. The construction of the opencast mine will take about two years, said Córdova.