Reuters – Ecuador to sign mining deals amid uncertainty
Date: Dec 6, 2011
News about the development of natural resources in the country where the Chevron Ecuador trial has taken place:
Ecuador is about to take a giant leap toward becoming a big gold (GC-FT1,732.200.400.02%) and copper (HG-FT3.590.010.32%) exporter, but President Rafael Correa must soften his stance toward investors if he wants the country to realize its full mining potential.
Despite having a bounty of copper, gold and silver (SI-FT32.70-0.04-0.12%) resources, the Andean country has no mining industry to speak of and the leftist president has effectively delayed mining investments for years while redrawing rules for the sector.