Earlier this month SolGold attended “Ecuador Day” at the Prospectors and Developers Association of Canada conference in Toronto. The day was an opportunity for the mining community of Ecuador to come together to showcase Ecuador’s great potential as a mining destination with competitive advantages and world class infrastructure. SolGold joined government officials, indigenous leaders, investors and fellow miners to celebrate the country’s progress and talk about the future of the mining industry. Speaking for the first time on the international stage, Ecuador’s new Minister of Mines, Rebeca Illescas said that she believes “the mining sector will become the second biggest driver of our economy over the next few years, after oil and gas”, and relayed the messaged that President Moreno has been “emphatic and clear that Ecuador will have responsible mining, and that’s good for everybody.” Minister Illescas told the crowd that she is committed to showing the government and Ecuadorean people the difference between large-scale responsible mining and artisanal, illegal mining. In the past year, there have been 28 new mining companies in Ecuador. Mining is fundamental to the Ecuadorean economy, however, the industry must be developed in a responsible and sustainable manner. Moreno and the Ecuadorean government have placed a huge importance on mining responsibly and will only work with international companies that have the highest standards of social and environmental standards. We are delighted that SolGold’s community and environmental work at Cascabel is used to demonstrate such standards. At a conference held in Ecuador post PDAC to discuss the conference’s key themes and outcomes Minister Illescas also addressed several factors to further improve the investment environment in Ecuador. Minister Illescas has pledged commitment to: improve the cadastre system of allocating concessions; work proactively with the Ministry of Environment to help streamline the permitting process; and improve the legal and tax regime by abolishing the windfall tax. SolGold is delighted to be working alongside Minister Illescas and the Ministry as Ecuador continues to develop a long-term and sustainable mining industry.
STUDY MANAGER Eduardo is a mining engineer with an Honours Degree in Mining Engineering, from the University of Chile and Master of Business (International Management) from Curtin University in WA and extensive mining industry experience in Australia, Latin America, USA, the Middle East and Asia, working with top-tier and junior mining companies and consulting organizations including BHP Minerals, Western Collieries, Anaconda Nickel, IFC (World Bank), BHP Engineering, SKM, Hatch and Amec Foster Wheeler among others. Eduardo’s background includes:
- Extensive project management and mine operations experience across a wide range of mining projects and commodities including copper, gold, silver, zinc, nickel, iron ore, lithium, coal and industrial minerals.
- Extensive multi-disciplinary feasibility study management experience covering geology, mine planning, ore processing, materials handling and infrastructure, involving a variety of mining projects in Australia and overseas.
- Strategic planning, business development, and mine consulting experience covering most technical and operational aspects of mining and project improvement.
- Experience in project financing with the International Finance Corporation (World Bank) both as staff member based in Washington DC and subsequently as a consultant providing advice to the IFC on mine project financing primarily in the Asia Pacific and Latin America regions.
- Corporate experience including roles such as Technical Director, VP Business Development, Non-Executive Director, and Non-Executive Chairman with ASX listed companies.
- Experience in the sourcing, evaluation, and acquisition of mine exploration projects in Latin America and Australia.
- A wide network of mining industry and project financing contacts in Australia, Latin America and the USA.