New deal Australian miner SolGold has unveiled the signing of a memorandum of understanding (MOU) with Grupo Empresarial Semaica, a large construction company in Ecuador, and Enerhydra, a U.S. company. This cooperation is to spearhead a significant hydro-solar initiative to power SolGold's flagship Cascabel copper-gold project.
“The MoU for the Ecuador-based project delineates the shared objectives and responsibilities of each party towards the development of a sustainable Power Project … that will deliver approximately 200 megawatts of clean, renewable energy to the Cascabel site,” the miner said in a statement.
Most recently, SolGold signed a joint declaration with the Ecuadorian government in preparation for the implementation of the complementary Investment Protection Agreement (IPA) for the copper-gold project.