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Los Cangrejos Gold Mine Development

Sector: Mining • Location: El Oro, Ecuador

Source: Bloomberg

Project
Planned

China's CMOC Group Ltd. signed a $1.7 billion agreement with Ecuador to develop the Los Cangrejos gold mine deposit located in El Oro province. The project is currently in the design and planning phase, and the agreement aims to accelerate its implementation. The Ecuadorian state is expected to receive an estimated $4.4 billion in economic benefits from the project through patents, royalties, prof

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The project “Los Cangrejos Gold Mine Development” is an infrastructure initiative in the Mining sector, located in El Oro, Ecuador. Taiyo aggregates data on it from Bloomberg.

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Participants

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planned

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Description

Description

China's CMOC Group Ltd. signed a $1.7 billion agreement with Ecuador to develop the Los Cangrejos gold mine deposit located in El Oro province. The project is currently in the design and planning phase, and the agreement aims to accelerate its implementation. The Ecuadorian state is expected to receive an estimated $4.4 billion in economic benefits from the project through patents, royalties, profits, taxes, and other items.

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High

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