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Ecuador, Lumina advance Cangrejo copper mine talks
Ecuador's energy ministry wrapped up talks and expects to reach a final deal by January with a subsidiary of Canada's Lumina Gold to develop the large-scale Cangrejos copper project, mining vice-minister vice-minister Rebeca Illescas said. Odin Mining Ecuador wants to develop the project in El Oro province, in southeast Ecuador, that holds probable copper reserves of about 635,000 metric tonnes (t) of copper. Interim energy minister Inez Manzano said the government plans to sign the production contract with Lumina in January, although both parties could take until May 2025 to complete the deal under the recently ... (full story)
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- Posted: Nov 29, 2024 4:01pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 101
