DMM says no problemo with new Govt.This is from Dynasty Metals management(Who operate in Ecuador) to its share-holders:
Presidential Elections
The Company has received many enquiries from shareholders about the potential impact of the new Ecuadorian government upon the mining industry, in general, and upon the Company, in particular. Although the government is still in the early days of establishing and implementing policy and the necessary infrastructure, the Company's discussions with representatives of the new administration and persons close to it have given considerable comfort that it intends to support the continued development and modernization of the mining industry. It should be noted that all of the Company's projects are progressing rapidly and without delays, and that the Company continues to work closely and enjoy a good relationship with all local and federal agencies. (End of quote)
Ecuador needs foreign investment to grow their economy. They are one of the poorest countries in the world and now they have a leader with a master's degree in Economics. Correa, more than anyone, knows how much Ecuador needs a large infusion of foreign capital to help ecuadoreans out of abject poverty.
A mining camp at FDN and other mine deposits on ARU's properties will create 1000's of jobs for locals. It's like when Honda or Toyota decides to open a plant in Ontario or Quebec and now they need 1000 new workers. Do you think any canadians care if the companies are foreign? No, all they care about is that 1000 high paying jobs have just been created in their local economy.
Correa knows this and will not rock the mining sector boat. Correa and future presidents need to find good paying jobs for their citizens and so I don't believe they will change anything too drastically.
Just my two cents worth...
JMHO