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Economy & Business - March 2012 (ISSN 1741-7430)
China opens up on Ecuacorriente
On 6 March a Chinese company, Ecuacorriente, signed up with the government to develop the US$1.72bn El Mirador copper mine. The project is the first of several mega-mining projects President Rafael Correa and his government hope to sign. The authorities argue that big, well-capitalised mines are much better, on environmental grounds, than smaller-scale projects. What was fascinating was how quickly and openly the Chinese responded to criticism of the project. This is a marked contrast to some international mining and oil companies whose first reaction is to dismiss local environmental concerns as unfounded.
- China starts to hedge its bets on Latin America
- Still bullish
- Industry picks up
- Pressing the accelerator
- ARGENTINA: Problems mount
- CHILE: Aiming low
- PARAGUAY: Feeling the heat
- URUGUAY: Feeling more than OK
- BOLIVIA: Pushing to de-dollarize
- COLOMBIA: All systems go
- ECUADOR: The price of the boom
- PERU: Still growing well
- VENEZUELA: Dutch disease rife
- COSTA RICA: Business optimism
- CUBA: More administrative changes
- DOMINICAN REPUBLIC: Central bank comes off the fence
- EL SALVADOR: What does the electorate want?
- GUATEMALA: Cautious
- HONDURAS: Coffee problems
- NICARAGUA: Exports up
- PANAMA: Exports up 8.3% in 2011
- China opens up on Ecuacorriente
- Repsol blinks
- Bolivia plans first bond since early 1900s