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Ecuador News

Capital: Quito •  Currency: United States dollar •  President: Rafael Correa  •  Population: 16.14 million (2015) World Bank •  Country code‎: ‎+593

April 04, 2017

 

 

Protests Rattle Ecuador Following Election Fraud Claims

 

Supporters of Ecuadorean opposition leader Guillermo Lasso gathered in the streets for a second night Monday, April 3, to protest what they consider fraud at the ballot box that tilted a presidential runoff in favor of his leftist rival.

 

Sunday, April 2, razor-thin election win by ruling party candidate Lenin Moreno bucked the trend of right-wing electoral victories in South America following 15 years of leftist domination. Even as calls from Latin American governments congratulating Moreno poured in, Lasso, a conservative banker, vowed to keep up the fight against the installation of an “illegitimate” government.

 

“We’re not afraid of the miserable cowards who are on the wrong side of history,” he told a crowd of a few thousand supporters outside the National Electoral Council in Quito.

 

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March 10, 2017

 

 

Ecuador Anticipates $4 Billion In Mining Investments By 2021

 

Ecuador is quickly gaining ground as a mining investment destination in Latin America thanks to a revised regulatory framework and a major investor engagement campaign that has already attracted around 420 applications for concessions in less than a year.

 

Getting to this point, however, has not been easy for a nation that has traditionally based its economy on oil, bananas, cacao and coffee exports, but that it is rather foreign to mining, admits the country’s mining minister Javier Córdova.

 

Speaking to MINING.com on the sidelines of the Prospectors and Developers Association of Canada (PDAC) conference, held in Toronto this week, Córdova says one of the main mistakes Ecuador made in the past was to apply legislation designed for the oil sector to miners, which just didn’t work.

 

But what really triggered the recent overhaul of the country’s mining regulations was the exit of Canada’s Kinross Gold (TSX:K) (NYSE:KGC) from Ecuador in 2013, after failing to reach an agreement with authorities over the terms for developing its Fruta del Norte project, one of Latin America's biggest undeveloped gold deposits.

February 27, 2017

 

Transgender woman poised to win seat in Ecuador National Assembly

 

Diane Rodríguez votes in Guayaquil, Ecuador, on Feb. 19, 2017. She is poised to become the first openly transgender woman elected to Ecuador’s National Assembly.

 

Rodríguez is a member of Movimiento Alianza PAIS, a left-leaning political party that outgoing President Rafael Correa leads.

 

Rodríguez, 34, cast her ballot in the city of Guayaquil on Sunday during the country’s elections. She and other trans Ecuadorians were able to vote for the first time using identity cards that correspond with their gender identity.

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E-mail: bilingualnews@gmail.com    •    1-800-256-8161

© Copyright 2017 to The Bilingual News | All Rights Reserved   |   Designed & Developed by The Bilingual News

 

E-mail: bilingualnews@gmail.com    •    1-800-256-8161