CasCan Mining says Ecuador will be the future for the Mining sector over the next decade


Posted July 22, 2021 by cascanmining

SANTIAGO CENTRO - CasCan Mining today said that based on mining production report, the mining sector in Ecuador will be one of the main asset classes of Ecuador's economy.

 
CasCan Mining have sent a team of experts to Ecuador and based on economic research and Ecuador’s openness for foreign investment, this is attractive for foreign investment with the demand for rare earth minerals projected to grow even more over the next decade.

CasCan Mining’s Chief Financial Officer, Ms. Blanca Vargas commented on Ecuador’s mining projection saying "Currently, we have done extensive research in Ecuador and have determined several potential projects on our radar that should go into production between 2022 and 2023, where a majority of them will be gold, copper and silver.”

“We plan to start construction of the underground mines and production facilities in mid-2022 and we have several sites that once in production, will boost the Ecuadorian economy substantially over the next decade. Economic data from the mining industry indicates that over 78% of investment currently comes from Canadian and Australian mining companies,” added Blanca Vargas, Chief Financial Officer of CasCan Mining.

About Us - CasCan Mining

Since our formation in 2008, CasCan Mining has meticulously grown into shining example of how a successful investment in the South American gold and copper mining industry should be made. Starting with the taking of minor level holdings in some of Chile’s best performing and established multinational operations, while at the same time demonstrating to our respected partners our operational and exploratory skill set, we now find ourselves ideally placed to begin independent operation of our own.

Our focus of operations will continue to be Chile, with that country’s well established gold and copper mining industry receiving over $30 billion in foreign direct investment last year as strong demand from China helped to see average prices for copper stay around $7,245 per ton with gold prices hitting a high of $1,382 per ounce in May. Now as demand once again increases for both gold and copper, we stand poised to fully exploit this in a strategic and profitable manner for our shareholders and partners.

As CasCan Mining grows stronger still we invite you to learn more about the history and day to day operations of one of South America’s leading mineral exploration and mining companies as our continent stands center stage in the world’s market place for mineral commodities. With Chile ramping up investment into its mining industry ahead of expectations of ever higher demand for commodities, we find ourselves engaged in ever bolder expansion efforts across the breadth and scope of our structure.

Over the next twelve months plans that have been on in the pipeline for several years, will be brought to the fore as we like many of our competitors and partners take full advantage of the healthy climate of investment and rich natural resources being more than adequately being provided by South America’s largest mining producer, Chile.
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Issued By Arturo Rojas
Phone +5628733709
Business Address Torre Centenario, Miraflores 399, Santiago Centro, Santiago
Country Chile
Categories Energy , Semiconductors , Technology
Tags cascan mining , cascan mining chile , cascan mining copper , cascan mining gold , cascan mining rare earths , cascan mining santiago , cascan mining silver
Last Updated July 22, 2021