Limestone resource project
Ecuador’s Empresa Nacional Minera (Enami EP) has confirmed a limestone deposit of 67 million t and 85% purity in Zumba, Zamora Chinchipe province. The resource is estimated to be worth around US$300 – 400 million based on international prices of US$5–6/t of limestone.
The announcement follows the Isimanchi-Mayo exploration and evaluation project, which created 110 direct and 550 indirect jobs in the local area. The deposit has been certified according to international norms and in line with International Standard NI 43-101. Empresa Pública Cementera del Ecuador (EPCE) will carry out the next development stage of the project.
Cement sales in Ecuador
The latest figures from the Ecuadorian Institute of Cement and Concrete reveal that cement sales increased from 6.025 million t in 2012 to 6.6 million t in 2013. In December 2013 alone, domestic sales of grey cement reached 556 588 t, up from the 520 535 t sold in December 2012.
Adapted from press releases by Louise Fordham
Read the article online at: https://www.worldcement.com/the-americas/30012014/limestone_deposit_confirmed_in_zumba_ecuador_671/