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        Ecuador to relax the requirements of mining investment

        Number of visits: Date:2014-11-05

        Ecuador "express" reported that, in October 27th Correa issued a presidential decree, to reform the "mining law", overall relaxation of mining investment requirements. The content of the reform mainly for taxes and government into, including calculation of the mining company windfall tax will be integrated into the coarse ore quantity, price and sale base price sold, countries and profit distribution of the company has been adjusted. The mining law reform lasted more than a year of time, the main reason for reform is El swingeing taxation, profit distribution, environmental policy for many foreign investors daunting, not conducive to national development of mining industry. Correa also made it clear that in the decree, the reform is to make Ecuador more attractive investment "".

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