Ecuacorriente sees investment of $650 mln at Mirador mine over three years
Adds detail on ore processing forecast in paragraph 3, background
QUITO, Aug 21 (Reuters) -The operator of Ecuador's Mirador copper mine expects to invest about $650 million into the second phase of the project over three years, an Ecuacorriente executive told reporters onWednesday.
The open-pitcopper mine, Ecuador's only such project, is operated by Ecuacorriente, a unit of Chinese consortium CRCC-Tongguan Investment Co Ltd.
Mauricio Nuñez, an Ecuacorriente vice president, added that the copper project expects to gradually boost ore processing to eventually reach 140,000 tons per day during its second phase.
The phase is expected to kick off in the second half of next year, according to the company.
Mirador is located in the country's southern Amazonian province of Zamora Chinchipe, and entered into production in 2019.
While Ecuador is believed to contain large mineral reserves, it has lagged regional mining heavyweights Peru and Chile due largely to legal obstacles as well as opposition from indigenous communities.
Reporting by Alexandra Valencia; Editing by Anthony Esposito
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