20070327-041256-Ecuador-to-levy-royalties-on-foreign-companies
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news Ecuador to levy royalties on foreign companies

Ecuador to levy royalties on foreign companies

By Giovanni at 03/27/07 05:12

Energy Minister Alberto Acosta has announced that Ecuador will likely revise its mining concessions and introduce royalty charges on foreign companies in an effort to boost state revenues.

Original source: Reuters. Ecuador to review mine concessions, seek royalties

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20070327-041256-Ecuador-to-levy-royalties-on-foreign-companies economy 'Ecuador to levy royalties on foreign companies'