This May 8, 2019 the Ecuadorian Mining Chamber performed a solemn session to commemorate its 40 years of institutional life, this special event was attended by government authorities, diplomatic corps accredited in the country, representatives of multilateral organizations , trade union delegates, mining executives, academy members and different actors who work for the development of a responsible mining activity in the country.

Santiago Yepez, president of the Chamber initiated the program with a historical review, recalling the initiation of this important guild in 1979. Thanking very especially the work of all the people along these 40 years of fruitful trajectory and reminded that this year an important precedent for Ecuadorian mining is marked with the entering into production of two important projects, Fruta del Norte and Mirador.

As a very special guest, in representation of the President of the Republic, Richard Martinez, minister for Finance and Economy, presented mining as a key sector in the development of the National Prosperity Plan (Plan Nacional de Prosperidad), promoted by the National Government and focused along 4 main axis:

Fiscal Consolidation and Monetary Stability, Social Protection and Rights Guarantees, Productivity, Competitiveness and Productive Employment and Transparency and Efficcient Management of the States Resources. Pointing out that there is no country in existence that has developed without the joint efforts of the public and private sectors, that is the importance of the work of the trade unions and chambers. To conclude emphasizing that mining is a daily part of human beings and their progress, highlighting the proactive development, sustained, with social responsibility and quality standards in the sector in the last years.

Pablo Campana minister of Production and Foreign Commerce, Investment and Fishing, saluted the Ecuadorian Mining Chamber thru a video conference, highlighted that 53 per cent of the direct foreign investment that came to Ecuador during 2018 came from this sector, 742 million dollars, a figure that will only increase with the start of production of several mining projects in 2019; also mentioned the Government interest in supporting a formal mining that develops its activities within the framework of strict adherence to the law, supporting the development of the communities and the growth of the national economy.

As part of the Ecuadorian National Federation of Industry Chambers, Pablo Zambrano president of this organization quoted: “Legal mining, formal, regulated, generates a virtuous circle that allows benefits to the country. This is a long term activity”, also reminded the support that the mining sector has had and will have from all the industrial and productive components in the country.

Within the prominent presentations of this great event, assistants met Diego Hernandez, president of the Chilean National Society of Mining, considered the highest ranked executive in the Chilean mining sector, his presentation set his country as an example in the development of a sustainable activity which has allowed it to become the number one producer of copper in the world, mentioning that it is difficult to quantify , but estimates that without mining Chile today would have 30% less actual wealth thus lower social development.

The Ecuador National Assembly as well as the diplomatic missions of Canada, Chile, United Kingdom and Peru thru their accredited ambassadors bestowed awards to the Ecuadorian Mining Chamber for its work during these 40 years.

To conclude the event the Ecuadorian Mining Chamber acknowledged several companies that are currently working in country: Lundin Gold received an award for its social responsibility practices recognized at a national and international level. Ecuacorriente S.A. for the generation of 2.400 direct jobs and to the Cascabel mining project of SolGold which is considered the biggest mining discovery in Ecuador in the last few years.