Ecuador Expected to Delay New Mining Fee, Industry Leader Says
Ecuador has indicated that it will delay the implementation of a new mining fee estimated to generate $229 million annually, according to Rodrigo Darquea, vice president of the country's mining chamber.
Darquea said he attended a meeting with Deputy Mining Minister Javier Subia on Thursday, in which officials agreed in principle to a request to suspend the charge while the measure is discussed further. That decision still has to be formalized. The ministry didn't respond to requests for comment.
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