Ecuadorian mining sector allowed to resume activities

( May 18, 2020)

The Ecuadorian Emergency Action Committee approved the recovery of the mining industry. Since the covid-19 pandemic, 60% of them have been paralyzed since March 25, 2020. Although the state of emergency has been extended until mid-June, in the face of the Covid-19 pandemic, the committee approved the plan after approving a series of guidelines included in the Mining Industry Biosafety Prevention Protocol.

It is estimated that by 2020, the mine use fees and taxes in Ecuador will reach between 494 million US dollars and 892 million US dollars A media statement issued by the Ministry of Mines and Non-Renewable Natural Resources said: "In the next few days, we will see mining activities restart." "We hope to restore 33,000 direct jobs and 100,000 indirect jobs. Positions, and restore mineral exports, it is expected that this year's mineral exports will reach 642 million US dollars to 1.1 billion US dollars. "

The protocol was submitted to the committee by the Ministry of Mines and was consulted with 250 regional and local authorities including governors, mayors and governors. The Chilean Ministry of Mines and Ecuadorian healthcare and mine safety experts were also asked to provide guidance. It is expected that the largest mine in the South American country, Lundin Gold (TSX: LUG) North Frutadel Mine and CRCC-guan Pass Mirador Mine, will gradually resume operations in the next few weeks. Lundin tweeted: "We have resumed the transportation of mining materials and supplies to North Fruta Delta in accordance with strict health and safety regulations." "All have been taken in coordination with national and provincial authorities. action." According to Reuters, the smaller mines in the south of the country have already begun shipping ore and concentrate to the port. As of Sunday, Ecuador had 32,763 confirmed cases of covid-19 and reported 2688 deaths from the disease.