Miners sign deal for Ecuadorian copper-gold project

photo by west red lake gold

Agreement inked Adventus Mining Corporation and Salazar Resources have announced a preliminary commitment between the Ecuadorian Ministry of Production, Foreign Trade, Investments and Fisheries and the two miners with regard to an investment protection agreement (IPA) for the Curipamba - El Domo copper-gold project in Ecuador.


“Adventus Mining and Salazar have been advancing discussions with the Government of Ecuador on the terms and conditions of the IPA since the start of 2022,” Salazar said in a statement.


“The application submitted to the Ministry of Production, Foreign Trade, Investments and Fisheries of Ecuador in March 2022, includes a commitment to invest a total of approximately US$270 million over the next 12 years at the Project, which is located in the canton of Las Naves, Bolivar Province. This future investment is in addition to the historical investment of approximately US$50 million by the Participants up to the end of 2021,” according to the statement.