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LatinNews Daily - 22 October 2021

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In brief: Mining exports increase in Ecuador

* Ecuador’s ministry of mining and non-renewable natural resources has announced that mining exports totalled US$961.1m in the first eight months of 2021. This represents a 134.3% increase on the same period last year, when exports slumped during the coronavirus (Covid-19) pandemic. The rebound this year positions mining exports as Ecuador’s third most valuable non-oil export, after prawns and bananas. Gold was the most exported mineral, accounting for 74.94% of the total value of mining exports from January-August, followed by copper (24.32%). China remains Ecuador’s largest market for mineral exports, receiving US$252.9m over this period, followed by Switzerland (US$165m) and the US (US$148.6m). Mining Minister Juan Carlos Bermeo Calderón said that mineral exports are expected to exceed US$1.6bn by year’s end.