International news within the industry of mining and metal, Jul, 23 2018
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Canadian miner eyes $57M deal for Ecuadorian assets

Photo: Lumina Gold
Photo: Lumina Gold
Published by
Jaroslaw Adamowski - 28 Mar 2018

South American project Canada’s Lumina Gold has signed a non-binding letter of intent for a $57 million earn-in and joint venture agreement with Anglo American’s subsidiary to develop the Pegasus A and B concessions in Ecuador.

"Anglo American, through a joint venture company, would have the right to earn a 60% ownership interest in the Properties if it invests an aggregate amount of US$50 million and makes US$7.3 million of cash payments to Lumina over a seven year period," Lumina Gold said in a statement.

The company says it will work with Anglo American to negotiate and complete a binding agreement over the next five months.

Listed on the Toronto Stock Exchange (TSX), Lumina Gold says it is a Vancouver-based precious and base metals exploration and devel-opment company, focused on gold and copper projects.

Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber
Keliber geologists on the run in Finnish forests. The first indications of spodumene, a mineral rich in lithium, in the bedrock of Kaustinen were discovered in the village of Nikula in 1959. Since then, the area has been explored in a number of stages spanning the past decades. Today, the lithium spodumene deposits of Central Ostrobothnia are one of the most important reserves in Europe. Photo: Keliber

Kelibers environmental impact assessment answered by the NTM Center

"Harmful substances in the slate"

On January 18 this year, the mining company Keliber sent an MKB description to the Finnish NTM...