The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSolGold Share News (SOLG)

Share Price Information for SolGold (SOLG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9.25
Bid: 9.32
Ask: 9.36
Change: 0.00 (0.00%)
Spread: 0.04 (0.429%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 9.25
SOLG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Ecuador exports first copper concentrate from Chinese-owned Mirador mine

Thu, 16th Jan 2020 08:35

* First 22,000 tonne cargo left South America earlier this
month

* Chinese smelter Tongling Nonferrous to take delivery in
late Feb
(Adds comment from Tongling Nonferrous in paragraphs 5 and 6)

QUITO, Jan 16 (Reuters) - Ecuador made its first export of
22,000 tonnes of copper concentrate from the Chinese-owned
Mirador mine, the energy ministry said on Wednesday, marking a
new milestone in the country's effort to develop a large-scale
mining industry.

Ecuador, an Andean country neighboring No. 2 copper producer
Peru, has large mineral reserves but is only beginning to
establish industrial-scale mining projects.

Mirador is run by Ecuacorriente, a subsidiary of the Chinese
consortium CRCC-Tongguan, which has a 30-year concession. It
started production in July 2019.

The shipment of copper concentrate has a value of about 25
million dollars, according to the ministry, and was transported
to the Port of Guayaquil and then by sea to the Chinese city of
Tongling.

Tongling Nonferrous Metals Group, one of China's
top copper smelters and a partner in Mirador,will take delivery
of the concentrate shipment in late February at the port of
Tongling on the Yangtze River, an official from the Chinese firm
said on Thursday,adding that the cargo left Ecuador on Jan. 6.

The project will supply Tongling Nonferrous, based in
eastern China's Anhui province, with around 96,000 tonnes
annually of copper concentrate, on a metal content basis, for 30
years, he added.

Mirador, located in the Zamora Chinchipe province in
Ecuador's Amazon, foresees a total investment of more than $2
billion during the concession period. The Chinese company has
paid some $100 million in early royalties to the Ecuadoran
government.

The CRCC-Tongguan consortium bought the company with the
concession for the open-pit mine under former leftist President
Rafael Correa, who deepened Ecuador’s economic ties with China.

Environmental groups and local authorities have opposed
mining activity in the country and are promoting popular
consultation in some mineral-rich areas to prohibit their
development and reverse concessions already granted to foreign
companies.

Ecuador has other projects in the advanced exploration phase
such as Cascabel, awarded to Australia's SolGold, and
the Llurimagua project, which will be operated by Ecuadoran
state mining company Enami and Chile's Codelco.
(Reporting by Alexandra Valencia; additional reporting by Tom
Daly in Beijing; Writing by Sarah Kinosian; Editing by Sonya
Hepinstall and Emelia Sithole-Matarise)

More News
25 Nov 2019 09:55

BHP Lifts Stake In Ecuador-Focused Miner SolGold To Just Under 15%

BHP Lifts Stake In Ecuador-Focused Miner SolGold To Just Under 15%

Read more
13 Nov 2019 15:21

SolGold Executive Director Legge Resigns From Role

SolGold Executive Director Legge Resigns From Role

Read more
28 Oct 2019 11:09

SolGold shares rise on latest data from Alpala project

(Sharecast News) - SolGold updated the market on recent results from the ongoing comprehensive comminution - crushing and grinding - and metallurgical test work programme for the Alpala project on Monday, saying it yielded high-grade copper and gold content.

Read more
28 Oct 2019 10:51

SolGold Reports Improved Gold And Copper Recoveries At Alpala Project

SolGold Reports Improved Gold And Copper Recoveries At Alpala Project

Read more
23 Oct 2019 12:06

SolGold identifies new copper and gold target in Ecuador

(Sharecast News) - SolGold on Wednesday said it has discovered new mineralised outcrops at its wholly-owned Cisne Loja gold project in southern Ecuador.

Read more
23 Oct 2019 09:34

SolGold Lines Up New Priority Target After Exploration Discovery

SolGold Lines Up New Priority Target After Exploration Discovery

Read more
15 Oct 2019 11:36

SolGold Still "Unaffected" As Fuel Subsidies Restored In Ecuador

SolGold Still "Unaffected" As Fuel Subsidies Restored In Ecuador

Read more
10 Oct 2019 14:33

Business As Usual For SolGold Despite Ecuador Fuel Protests

Business As Usual For SolGold Despite Ecuador Fuel Protests

Read more
19 Sep 2019 08:44

Ecuador constitutional court backs copper miner SolGold

* BHP has 11% stake in SolGold* Government seeking to attract investment to mining sector* Activists concerned about environment, waterLONDON, Sept 19 (Reuters) - Ecuador's constitutional court has rejected a petition for local consultation on a min...

Read more
13 Sep 2019 16:03

UK Shareholder Meetings Calendar - Next 7 Days

Monday 16 SeptemberBCA MarketplaceCobham (re acquisition by AI Convoy Bidco)Tuesday 17 Trust of

Read more
16 Aug 2019 11:49

SolGold Loss Widens On Share Options And Exploration Costs

(Alliance News) - Miner SolGold PLC reported an widened annual loss which was attributed to share-based payments expenses.For the year ended June 30, SolGold posted a pretax loss of USD32.7

Read more
29 Jul 2019 11:06

SolGold Appoints New Head Of Project & Corporate Finance

(Alliance News) - SolGold PLC on Monday made a "very important" appointment, with Ingo Hofmaier joining the firm from investment bankers Hannam & Partners.Hofmaier will become

Read more
21 Jun 2019 17:05

LONDON MARKET CLOSE: Stocks Slip, Commodities Up On US-Iran Troubles

(Alliance News) - Shares in London ended in the red Friday but commodities prices continued to surge as tension between the US and Iran showed no signs of cooling.The FTSE 100 index closed down or

Read more
21 Jun 2019 11:58

LONDON MARKET MIDDAY: Shares Mixed As US-Iran Tensions Rattle Markets

(Alliance News) - Stock prices in London were mixed midday Friday as escalating tensions between the US and Iran and lingering global trade fears grounded sentiment, but commodity prices continued

Read more
21 Jun 2019 10:33

SolGold jumps after Ecuador's constitional court strikes down proposed referendum on mining

(Sharecast News) - Shares of gold and copper miner SolGold jumped at the end of the week after Ecuador's constitutional court rejected a proposal for a referendum on mining in various provinces in the South American country in which the outfit operates, even if on technicalities.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.