National mining company launches operations - Ecuador
Ecuadorian president Rafael Correa has signed a presidential decree officially creating the national mining company or Empresa Nacional Minera (ENAMI EP), which will work towards two fundamental goals, the non-renewable natural resources ministry (MRNNR) said in a statement.
The first goal is to work on social environmental issues with small and artisan miners to help them develop sustainable businesses, deputy mining minister Carolina Bernal was cited as saying in the statement.
The second is to work with large-scale miners in developing major mining projects, both alone and alongside other mining companies.
ENAMI EP's general objective, however, is to manage non-renewable natural resources that are affected by mining in order to ensure they are used in a sustainable way and be present in all stages of mining activity to protect the environment and enforce respect for community rights.
The national mining company was created as public corporation with legal status, its own capital, and economic and admistrative autonomy.