BY EDUARDO GARCIA & ALEXANDRA VALENCIA
Ecuadorean President Rafael Correa expects to strike a landmark mining deal with Canadian firm Kinross within six months as he tries to attract more foreign investment after winning re-election on the weekend.
In an interview with Reuters on Thursday, the 49-year-old leader also ruled out any major new socialist reforms during his next four-year term and said the South American country was well-placed to attract foreign companies.
Correa was re-elected on Sunday with 57 percent of the vote, about 34 percentage points ahead of his closest rival. Since taking office in 2007, he has won broad support with heavy spending on welfare, health, education and infrastructure projects.
He has also scared away investors by defaulting on $3.2 billion (2 billion pounds) of debt, rewriting contracts with oil companies to squeeze more revenue from them, pushing through a new constitution that gave him more power and making frequent outbursts ... Read More