The mining exports from Ecuador would reach $9.191 million in 2030. The figure represents that they would grow slightly more than three times what is projected for 2023, which is $2.862 million. In addition, mining in Ecuador could create about 825,000 jobs and an investment of 18,000 million dollars by 2030, also in those years. These are the numbers that the Government is dealing with, in an optimistic scenario (in which, after the necessary consultations and issuance of appropriate environmental permits, all planned mining projects enter production). These projections were also on display at the Researchers and Developers Association of Canada (PDAC) convention in Toronto, Canada. The event, which has been held since March 5, ends today.

It is that Ecuador had space at this mining meeting during the event “Ecuador, the next mining destination (Ecuador the next mining destination)”, which was developed as part of this macro event. In this, Minister of Energy Fernando Santos Alvite also explained that mining will have a growth of 3.14% by 2023 compared to 2022.

He also pointed out that the government of President Guillermo Lasso is committed to the development of the legal mining sector, as well as to the fight against illegal mining, declaring it a threat to the overall security of the country.

Also present at the meeting were the Deputy Minister of Mining (e), Juan José Espinosa; Ambassador of Ecuador to Canada Carlos Játiva; domestic and international entrepreneurs and investors related to the mining sector.

Meanwhile, Nathan Monash, president of the board of the Ecuadorian Chamber of Mines, said: “We are proud not only that the economic benefits of mining are felt throughout the country, but also that we do it responsibly, respecting good international practices in environmental issues and commitment to local communities “. He also emphasized that “starting from the second half of 2019, two large mines started operating in Ecuador. Since then, the industry has exported about 6 billion dollars.

The companies that participated in Ecuador Day were: Newcrest, Lundin Gold, Sunstone Metals, Torata Mining-Challenger, SolGold, LuminaGold and Luminex Resources, Atico Mining, Dundee Precious Metals and IASA.

Also, those present could listen to a presentation by Women in Mining Ecuador, a global organization that seeks to promote comprehensive training, exchange of experiences of women who are part of the mining industry, and encourages their participation and professional development. The purpose of the PDAC convention is to attract investors to participate in mining projects from around the world.

The Confederation of Indigenous Nationalities of Ecuador (Conaie) rejected Ecuador’s participation in the event, saying that the government’s presence at the event was a sign of a violation of the agreement.