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Gold/Mining/Energy : DYNASTY METALS

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From: klinker5/16/2013 6:32:16 PM
1 Recommendation   of 387
 
finally ecuador on the move
Ecuador pushing ahead with reforms to lure mining investors

* Andean country rich in minerals, but has no big mines

* Government-controlled Congress likely to approve reforms

May 16 (Reuters) - Ecuador's government on Thursday presented a mining bill to Congress that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold Corp.

Ecuador does not have a large-scale mining industry, but the country is largely unexplored and could potentially have big copper, gold and silver deposits.

Socialist President Rafael Correa, who won a sweeping re-election victory in February, is eager to attract investment to reduce the economy's dependence on oil exports.

reuters.com
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