Ecuador is rich in minerals, including copper, iron ore, lead, uranium, zinc, and precious metals. The mining sector remains relatively undeveloped and is a small part of the national economy, but the country expects to see significant growth in large-scale mining activity in the short term. Ecuador scores “weak” on the Resource Governance Index as of 2017.
Main Mining Products
- Iron ore
What Are We Doing in Ecuador?
We welcomed Ecuador into our Deep Dive program in 2022 and have proposed an initial work plan to engage with the mining ministry and the revenue authority to help the government address tax base erosion and profit shifting (BEPS) risks in the mining sector.