New agreement signed Australian miner SolGold has announced the signing of a joint declaration with the Ecuadorian government in preparation for the implementation of the complementary Investment Protection Agreement (IPA) for the Cascabel copper and gold project in Ecuador.
“The signing took place in Toronto at the Prospectors and Developers Association of Canada … convention, representing a significant advancement in the Company's commitment to the Project and its partnership with the Ecuadorian government,” the miner said in a statement.
“In addition to the US$311 million investment addressed by the current IPA, under the Complementary IPA, there is a commitment to invest a total of US $3.2 billion over the subsequent years in activities related to the Cascabel mining concession,” according to SolGold.