RE: Solaris / Warintza19 Aug 2024 22:12
Phone translation
THE HOUSE MINING MINING CONTRACT: A HISTORIC OPPORTUNITY
By Zumslarrarrage lawn in NATURAL RESOURCES, ENERGY AND INFRASTRUCTURE.
On 5 June 2024, the Cascabel Mineral Explotation Contract (CEM) was signed, possibly the most important contract in the past 20 years and perhaps the most important that has been signed in Ecuador in any industry.
This contract represents a capital investment of $4.2 billion, with a 33-year operation projection; however, the prefactibility study on which this projection is based only considers 18% of the mineral resource; which suggests that it is a multigenerational project of 75 or perhaps 100 years. That is, an unprecedented project in Ecuador.