GOVERNMENT GIVES MINISTRY 100 DAYS TO DRAFT MINING ACTION PLAN

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Ecuadorian President Guillermo Lasso

In early August, Ecuador’s new administration tasked the energy ministry with a mandate to draft an action plan outlining the legal and environmental responsibilities of mining and exploration firms while, at the same time keeping the sector attractive for private investment.
This includes a review of the norms around government consultation of indigenous groups when defining decrees or decisions that may impact their localities.
The ministry must also devise a plan for licensing informal or traditional mining operations.
The announcement was well-received by mining firms such as SolGold and Aurania, as well as Ecuador’s mining chamber. The energy ministry must publish the action plan within 100 days.
In the run-up to his election in April, President Guillermo Lasso was tapped as a pro-business candidate who stressed that firms would be expected to respect mining laws and ensure environmental sustainability.

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