Illegal Mining Declines in Ecuador, but Investment Uncertainty Persists
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Insights by Echo AI
The Ecuadorian government's crackdown on illegal mining, which includes destroying camps and seizing equipment, has sent a positive signal to investors. However, according to María Eulalia Silva, executive president of the Chamber of Mining of Ecuador (CME), legal security and institutional capacity are still key to attracting long-term capital. Despite the government's efforts, the lack of legal certainty continues to hinder the arrival of serious investments.
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