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We caught up with Fernando Benalcázar, Vice Minister of Mining of the Ecuadorian Government at the 2018 International Mining and Resources Conference (IMARC). Historically, Ecuador was well known for its petroleum and agricultural products. Mining was effectively shut down after a 2008 memorandum made foreign exploration extremely difficult. This changed in 2015, and production of the major metals are set to soar. In this video, Fernando outlines the government incentives that were instrumental in this sudden change. With Ecuador at the 'hinge' of the Andes between mineral-rich Peru and Colombia, it still represents a largely unexplored region. We asked Fernando if they were targeting particular sized companies, and if the prime target was Australia or Canada, and whether there will be issues with mines using scarce water resources, as there have been in Chile. Fernando also shared how the local population has responded towards foreign investment. He also provided an update for investors on the socio-political stability of Ecuador. IMARC returns to the Melbourne Convention & Exhibition Centre from 28 – 31 October 2019. For more information please visit http://imarcmelbourne.com/ About IMARC The International Mining and Resources Conference (IMARC) is where global mining leaders connect with technology, finance and the future. Now in its 6th year, it is Australia’s largest mining event bringing together over 6000 decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators and educators from over 90 countries to hear from 350 thought leaders and meet 250 exhibitors over four days of learning, deal-making and unparalleled networking.