Ecuador Tag

BHP has paid around US$60 million to increase its stake in Ecuador-focused gold miner SolGold to 11.2%, rivalling the 14.5% stake held by Australia’s largest listed gold firm Newcrest Mining. The latest investment nearly doubles BHP’s ownership in SolGold, after the world’s biggest miner first bought...

Thousands of stakeholders from the mining world attended the final two days of the 2017 Prospectors and Developers Association of Canada (PDAC) convention, which imparted industry leaders with a resoundingly optimistic message going into the rest of the year and beyond. The Intergovernmental Forum on Mining,...

Lundin Gold (TSX:LUG) has signed an agreement with the Ecuadorian Government to progress its Fruta del Norte gold mine. The two partners inked an exploitation agreement to validate Lundin’s plans to build an underground mine and a processing facility at the site in Zamora Chincipe. The agreement...

Two of Australia’s largest miners, BHP Billiton and Hancock Prospecting have held talks over potentially initiating mining and exploration projects in Ecuador, according to the nation’s government. Ecuador’s Mining Minister Javier Cordova Unda said both firms have had discussions with national officials on the prospects of...

The world’s largest mining company BHP Billiton (ASX:BHP) has had its offer to buy a stake in SolGold rejected by the Australian company. BHP announced an investment programme in SolGold that would see it pay US$30 million for a 10% stake in the company and provide...