Geological and Mining Potential of Ecuador

Ecuador Location Map Ecuador comprises 650 Km of the N portion of the Andes It is located to the N of the Huancabamba oroclinal deflection It is part of the CircumPacific Fire Belt 3. GEOLOGICAL AND MINING POTENTIAL OF ECUADOR The geological literature of Ecuador starts in 1892 when Teodoro Wolf published the study Geography and Geology of Ecuador.

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Can Ecuador achieve its bold vision for mining?

Like its neighbours, Ecuador is estimated to have sizeable extractable reserves, including antimony, iron ore, silver, and most notably, worldclass copper and gold deposits. However, a historically fractious relationship with the mining industry resulted in thenPresident Rafael Correa briefly instating a moratorium on mining in 2008, resulting in the countrys reserves remaining largely

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The direct economic impact of gold

of Ecuador or Azerbaijan or 30% of the estimated GDP of Shanghai. Large scale, formal gold mining in the top 15 producing countries directly employed an estimated 527,900 people in 2012. Gold mining is a significant source of exports for some countries: in 2012, gold exports were 36% of all

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