Ecuador Mining News

Ecuador mining industry to grow eightfold by 2021 — report

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

Ecuador anticipates $4 billion in mining investments by 2021

The country expects mining investments to increase 360% in the next four years compared to the 2013-2016 period as it has already granted 160 of the 420 explorations licences it put out to tender in July.

The Barron is back

Bob Moriarty of 321 Gold chronicles the career of Dr. Keith Barron and his latest foray in Ecuador.

State of emergency declared in Ecuador after clash at copper mine

A clash between local indigenous peoples and police at a mine in Ecuador has forced a state of emergency.

Ecuador signs key deal with Lundin on Fruta del Norte gold mine

The project, discovered in 2006, is one of the world’s biggest recent gold findings, with reserves estimated at about 4.8 million ounces of gold and 6.3 million ounces of silver.

Major Aussie miners BHP, Hancock to mine in Ecuador — report

Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.

Lundin Gold getting closer to developing Fruta del Norte in Ecuador

With construction expected to start in 2018, the US$669-million Fruta del Norte project could finally begin production before the end of the decade.

Ecuador, Lundin Gold reach agreement to develop Fruta del Norte

Lundin will pay Ecuador an advance royalty of $65 million. In exchange, the miner won’t be charged a windfall tax until it recovers its development investment.

Ecuador aims to attract $750M in mining investment next year

The government is planning to open up new mining areas for gold and copper exploration.

Canada’s Supreme Court lets Ecuador villagers sue Chevron for $9.5bn

The decision could set a precedent for similar cases involving mining companies around the world.

Major blow to illegal mining in Colombia’s Amazon: 59 arrested

The country's armed forces raided 63 illegal mines operated by leftist guerrillas, blowing up machinery and arresting dozens.

Colombian gold CEO involved in $970m laundering case arrested

Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.

Lust for gold eating up the world’s last rainforests: study

Artisanal and illegal gold mining is fast extending its destructive reach into some of the world’s most untouched landscapes.

Is Ecuador ‘Fertile Ground’ for Gold Discoveries? – Steve Todoruk

Ecuador recently scared off a potentially huge investment from Kinross, which had been set to develop the massive Fruta del Norte gold mine.

Kinross to sell halted Ecuador gold project to Lundin company

Kinross Gold Corp has agreed to sell its halted Fruta del Norte gold project in Ecuador to a company belonging to the Swedish-Canadian Lundin family for $240 million, Kinross and the company, Fortress Minerals Corp. said.

Fortress Minerals to acquire Fruta del Norte project for US$240 million

Changing its name to Lundin Gold.

Grupo Mexico considers mining for rare earths

The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.

Venezuelan army said to have trespassed Guyanese border, attacked miners

Miner allegedly failed to pay the soldiers a periodical fee in exchange for them turning a blind eye to illegal mining on Venezuelan territory.

How Ecuador could make money on the Goldman Sachs gold deal

Why did Ecuador shake on the same deal that Venezuela walked away from just last year?

Goldman Sachs in huge bullion buy from cash-strapped Ecuador

South American nation desperate to raise cash to repay $11bn borrowed from China "invests" 466,000 ounces of gold reserves worth $580m with investment bank.

Kinross Gold allegedly trying to recover Ecuador mine losses

The government may renew Kinross’s rights to the concession, or at least could remove legal hurdles to the prospective sale of Fruta del Norte gold-silver project.

Thousands of Peruvians protest against tougher illegal mining rules

They want the government to ease a regulation that forces more than 70,000 miners to register their mining activities by April 19 or otherwise face sanctions, including jail.

Cornerstone shares catapulted after sensational Ecuador drill

Newfoundland & Labrador-based junior strikes 324m grading 1.07% copper and 1.16 g/t gold, including 50m at 1.80% copper and 2.26 g/t gold at Cascabel project .

Peru announces national strategy against illegal mining

Includes involvement of police and military forces.

Colombia wants illegal mining to be international crime

Together with the other three members of he Andean Community of Nations —Ecuador, Peru and Bolivia— the country has committed to destroy machinery and even properties that can’t be seized.