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Upbeat message from top Ecuador mining official

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Fernando Benalczar, Vice Minister of Mines in Ecuador, is currently the top mining official in Ecuador.  He spoke at the National University of Loja, strongly supporting Ecuador's mining future.  This comes at the same time as Lundin's Fruta del Norte is starting large-scale gold production.  Fruta del Norte is in southern Ecuador as are all of Core Gold's projects, and Fruta is only 30 km from Core's Jerusalem.

In the photo below, Benalczar is seen third from the right.





https://www.cronica.com.ec/informacion/item/25296-fernando-benalcazar-se-busca-posicionar-a-ecuador-en-el-mundo-como-un-pais-minero

Translation is below:

FERNANDO BENALCZAR: "THE GOAL IS TO POSITION ECUADOR IN THE WORLD AS A MINING COUNTRY"
Published in LojaWritten by  Chronicle NOVEMBER 14 2019 font size decrease font size   increase font size  
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The Vice Minister of Mines, Fernando Benalczar, through a conversation with students of the Faculty of Energy, Industries and Non-Renewable Natural Resources of the National University of Loja (UNL), indicated the importance of mining, its benefits in villages where the work will be carried out and for the country.

Projects

Benalczar, in his presentation on "Development of industrial mining in Ecuador", in the auditorium "Antonio Pea Celi" of the Faculty of Human Health of the UNL, said that mining ideas, after a long process, were They become mines. He gave as an example the Fruta del Norte mining project that started in 1986 and after 33 years this prospect, today November 14, becomes the first large-scale gold mine. In the same way it was with the Mirador project inaugurated this year.

He added that it is as a general rule that a prospect or idea of a mine only becomes a project after several decades and in Ecuador they are less than 1%.

“What we want is to position the country as a mining company where large foreign companies invest. Ecuador in the extractive part has been an oil country, but the tendency for the next few years is that mining can contribute economically to the Ecuadorian people and we will probably see replacing oil becoming the fundamental pillar of the economy, ”he said.

The official said that mining companies, due to their conditions, generate a large number of employment sources, with more than 70% of the towns where the extraction is carried out. In addition, this kind of activity helps the growth of peoples, for example Zaruma, a site that became an icon of mining. (I). (FJC).

 

-Zaruma, mining place, was the first city that had electricity in their homes.