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Large Scale Mining in Ecuador. Local Benefits of the Mirador Project

Author

Listed:
  • Priscilla Massa-Sánchez

    (Doctora en Economía de la Universidad Nacional Autónoma de México. Docente del Departamento de Economía de la Universidad Técnica Particular de Loja, Ecuador. Teléfono: 593-73701444.)

  • Kevin Jiménez

    (Magister en Economía por la Facultad Latinoamericana de Ciencias Sociales, Ecuador. Docente del Departamento de Economía de la Universidad Técnica Particular de Loja, Ecuador. Teléfono: 593-73701444.)

  • Gabriela Jaramillo-Loaiza

    (Máster en Gestión de la Formación por la Universidad de Sevilla, España. Docente del Departamento de Economía de la Universidad Técnica Particular de Loja, Ecuador. Teléfono: 593-73701444.)

Abstract

Ecuador is opening the way to large-scale mining, which is why this research aims to analyze the production of copper concentrate in the Amazon province of Zamora Chinchipe, specifically through the operation of the Mirador Mining Project. Current legislation estimates the benefits to the company, the country and the local community. The results show that, in the project’s area of influence, 55% of the profits go to the country and 45% to the multinational company. It is important to note that of this percentage, only 24% of the profits remain in the exploitation area, the rest are invested in the country.

Suggested Citation

  • Priscilla Massa-Sánchez & Kevin Jiménez & Gabriela Jaramillo-Loaiza, 2018. "Large Scale Mining in Ecuador. Local Benefits of the Mirador Project," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 43(45), pages 105-123, January-J.
    • Handle: RePEc:ula:econom:v:43:y:2018:i:45:p:105-123
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    More about this item

    Keywords

    Mining; Amazon Region; Ecuador; Mirador Project.;
    All these keywords.

    JEL classification:

    • D39 - Microeconomics - - Distribution - - - Other
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • O22 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Project Analysis

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