Ecuador Weighs Bids for Exploration Projects in Mining Push
- State miner Enami received partnership proposals: Minister
- Authorities will start taking bids April 1 for new areas
This article is for subscribers only.
Ecuador is evaluating bids from Australian and Canadian companies for copper and gold exploration projects as the OPEC member looks to reduce its dependence on crude.
The country’s state-owned miner Enami has received partnership proposals for several projects, Mining Minister Javier Cordova said in an interview. In a parallel process, authorities will start taking bids April 1 for new exploration areas, with the first licenses to be awarded by about midyear, he said.