Quito, 24 Mar Ecuador reached last January the highest level of monthly mining exports in its history, with 271.85 million dollars, exceeding by 6% the previous record, which dates from April 2021, when it exported 255.88 million dollars. This was reported on Thursday by the Ministry of Energy and Non-Renewable Natural Resources, which, based on statistics from the Central Bank of Ecuador (BCE), reported that in January 2022 mining exports were 114% higher than the same period last year. These figures maintain the mining sector as the fourth highest index in the national economy, the third category of non-oil exports and the first among non-traditional exportable products, representing 11.07% of total exports, behind crude oil, shrimp, banana-bananas, the energy portfolio specified in a statement. The Minister of Energy, Juan Carlos Bermeo, said: “In January we reached 12% of the export projections of mining products for this year, out of the projected $2,238 million.” And he predicted that, “if that level of exports continues, there is a high probability of exceeding the target.” Copper and its concentrate were the most exported mining products, reaching 157 million dollars, while gold and its concentrate rank fifth with 115 million dollars. According to data from the ECB, the Mirador mine exported 152 million (56 per cent of total exports), while that of Fruta del Norte, 67 million (25 per cent of the total), and small-scale mining reached 53 million dollars in exports (19 per cent of the total). EcuaCorriente S.A. (owner of the Mirador mine) ranks second among exporting companies (first for non-oil companies), and Aurelian Ecuador S.A. (holder of Fruta del Norte) in fifth place (fourth place among non-oil companies). Ecuador's mining exports closed 2021 at 2,092 million dollars, 31% exceeding the planned targets, according to official data from the Ministry of Energy. Ecuador exports mainly copper and gold concentrate, gold gold and, to a lesser extent, minerals such as silver, lead and zinc to China, Switzerland, the United States and Finland. As of September 2021, the mining sector, composed of small, medium and large mining, employed approximately 40,000 workers directly and projected to reach more than 300,000 jobs by 2025 for this activity, according to the Ministry.
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