The Economic Development Commission of the National Assembly of Ecuador has unanimously approved a report that will lead to a second debate on the Organic Law to Strengthen Strategic Sectors in Mining and Energy. This decision was made with eight votes from official assembly members and their allies during a virtual session late on February 23, 2026. The report incorporates several amendments to the original text and is now set to be debated in full by the legislature.

The proposed law includes significant reforms to the existing Mining Law, targeting administrative processes required to execute mining activities, conservation permits, exploration stages of mining concessions, and royalties on mineral exploitation. These changes are intended to streamline mining operations, which are expected to not only enhance sector productivity but also to ensure better compliance with environmental standards and local regulations.

In addition to mining, the legislation also addresses the electricity sector by suggesting reforms to the Organic Law on Public Electricity Service. These reforms are aimed at improving the regulatory framework surrounding electricity provision, ensuring that public services can be better aligned with national energy needs and sustainability goals. This development reflects a broader governmental focus on enhancing strategic sectors deemed essential for economic recovery and growth in Ecuador, indicating a proactive approach to bolstering critical industries amid ongoing economic challenges.