Editor’s Note
Ecuador is seeking private investment to build a domestic gold refinery, a move aimed at capturing more value from its mineral resources and moving beyond the export of raw materials.
The government of President Daniel Noboa is actively seeking private investors for the construction of a gold refinery in Ecuador. This project aims to add value to the country’s mineral production and reduce the export of unprocessed raw materials.
The initiative is part of a broader strategy to develop Ecuador’s mining sector and capture a greater share of the value chain within the country. Currently, a significant portion of gold extracted in Ecuador is exported in doré bars or semi-processed forms.
The construction of a domestic refinery is expected to generate employment, attract foreign investment, and increase tax revenues from the mining industry. It would allow Ecuador to export refined gold with higher purity and market value.