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Almost half of the rural population lives on less than USD 2.80 a day
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President Correa announces creation of the Ministry of Mines

Posted On 01 Feb 2015

Correa-creacion-Ministerio-MinasPresident Rafael Correa announced on Saturday the creation of the Ministry of Mines who will manage the metallic and non-metallic materials such as lime.

Correa made the announcement in his National Address report during which indicated that mining “is such a big potential” which has Ecuador that requires a ministry.

“We will use our natural resources responsibly to overcome as soon poverty. We decided to create the Ministry of Mines, ” said in his radio address of Saturdays.

The Ministry of Non-Renewable Resources, which until now had been managing the mining and petroleum sector, it will call of Hydrocarbons and will be responsible only of the oil and gas sector, the president said.

“We can not be beggars sitting on a sack of gold. This will be for the next government,” he said

The new Ministry will boost large-scale mining projects which are on the agenda of the Government.

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Almost half of the rural population lives on less than USD 2.80 a day

Posted On 04 Mar 2021

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In one year, more than 650,000 people lost their jobs; index would recover in four years, according to experts

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