Mining has become an important item for the Ecuadorian economy and its rapid growth has motivated companies to bet on implementing or bringing to the country tools that speed up work in the sector. In 2022, mining exports reached 2,673 million dollars, and for this year, 2,862 million dollars are predicted, while for 2030, the goal is 9,191 million dollars, according to the calculation of the Ministry of Energy and Mining.
This good mining development and the challenges of the sector were among the points mentioned in the XVI edition of Expominas, which was inaugurated at the Metropolitan Convention Center in Quito, on Wednesday, July 12, and will last until Friday, July 14.
In his inaugural speech, the Minister of Energy and Mining, Fernando Santos, indicated that it is necessary to recognize the lessons left by the development of the oil industry in order to avoid the same mistakes and maximize the benefits of mining for the benefit of citizenship.
He also commented that Ecuador was different before oil, and that after it there was a notorious growth of the economy and society, and that the same will happen with the development of mining.
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According to him ranking Among the ten companies with the highest net profit in 2022, five of them are from the mining and oil sector: Ecuacorriente, Shaya Ecuador, Andes Petroleum Ecuador, Consorcio Shushufindi and Aurelian Ecuador.
As part of the activities carried out at the meeting, the Mavesa Group presented an electric loader backed by the company LiuGong, which, according to the company, is the first in Ecuador.
“The introduction of the country’s first electric loader by LiuGong marks a significant step towards a more sustainable and efficient future in various strategic sectors,” said Grupo Mavesa Machinery Director, Andrés Santos.
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This electric loader is model 856H-E MAX which has four characteristics: energy efficiency; good adaptability; comfort and safety; and intelligent control.

Benefits include operating cost savings of RMB 1.25 million over five years and maintenance cost savings of 50%.
The lithium iron phosphate battery of 350 kW.h provides sufficient capacity for most operating conditions, compared to diesel loaders that consume one liter of fuel under the same operating conditions, according to Mavesa, electric loaders consume only 3 kW.h of electricity.
In the XVI edition of Expominas, the stands of more than 400 domestic and international companies related to the sector are participating.
Source: Eluniverso

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