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Message: The mining sector has been stalled Ecuadorian

The mining sector has been stalled Ecuadorian

posted on Jul 01, 2008 04:43PM
Year X - Madrid, Tuesday July 1, 2008

The mining sector has been stalled Ecuadorian

The chairman of the House mining Ecuador, Cesar Espino, has assured that the mining sector in his country was paralyzed due to the new rules of the Constituent Assembly. However, is confident that once there is a new regulation, the industry will reactivate.

In early June the Ministry of Mines and Petroleos de Ecuador reversed 1,138 mining concessions in compliance with the provisions of the National Constituent Assembly in the mining mandate.

The mandate ordered the closure of the areas to December 2007 had not paid patents conservation and all the concessions, April 18, 2008, were pending.

In addition, Espina stressed that the most important thing is the firm decision taken by President Rafael Correa of Ecuador develop the mining sector, and assured that this is in line which is.
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