Ecuador Seals $1.7 Billion Mining Deal with China’s CMOC Group to Advance Major Gold Project
Ecuador Secures Major Mining Investment as $1.7 Billion Los Cangrejos Project Aims to Boost State Revenue and Expand Mining Sector Ecuador has taken a significant step to expand its mining industry after signing a major contract with the local subsidiary of China’s CMOC Group to develop the Los Cangrejos mining project. The agreement represents one of the largest recent investments in the country’s resource sector, with total projected capital expenditure exceeding $1.7 billion. Located in El Oro province, the Los Cangrejos project will be developed by ODIN Mining del Ecuador,…
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