Article: Ecuador : Ecuador, Chile To Sign Mining Agreement.

Byline: manish03

Ecuador and Chile - the worlds largest copper producer - will work together in exploration and possible production of minerals, especially cooper, Ecuadors mining undersecretary, Jose Serrano, told Dow Jones Newswires.

Ecuadors Mining and Oil Ministry and the Chilean Corporacion Nacional del Cobre de Chile, or Codelco, are scheduled to sign at midday an agreement for mining exploration in areas in the south of Ecuador.

Serrano said that an initial investment of $10 million will come from Codelco in the first stage of the exploration. "The advanced exploration stage will demand an investment of $5 million per year and if the ...

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