Rio Tinto mulls investment in Ecuador

London

RIO Tinto Group, the world's second- biggest mining company, is considering investing in Ecuador amid a push by the Opec nation to cut its dependency on crude oil and jump-start its nascent metals industry, the nation's mining minister, Javier Cordova, said.

Mr Cordova met company officials in April and the miner is now waiting to see how other local projects fare before making a final decision, the minister said on Wednesday in an interview in London.