Quote: "Ecuador & Codelco have started negotiations for Codelco to take 51% of the Llurimaga copper project in Ecuador from 51/49 JV with the Govt." [Tweet with embedded article - click to read]
Highlight: "2018 Codelco would complete the process of advanced exploration of the project. Not only did Codelco put their chips in Ecuador, but, little by little, the great players of the sector landed in this nation. In fact, Ecuador surpassed Chile, winning an award given by Canadian specialists to the best country to invest in this industry in 2017."
"In addition, the govt is preparing a tax incentive plan to achieve an investment of US$4,600 million over the next 4 years. Most will come from direct foreign investment in 3 mines: MIRADOR, FRUTA DEL NORTE & RIO BLANCO."
"0.51% would be the ore grade estimated by Codelco for Llurimaga."
"Represents one of the largest copper reserve in Ecuador -982 million tonnes of ore grading 0.89%..."
<><> "Twenty one reasons why Codelco should stay...Codelco Ecuador" - Put this title into the search engine and it will state that JUNIN now called LLURIMAGA."
Note:
Junin or Llurimaga {new name} is next door to Cascabel. So, appears to be progress.
DGR Price at posting:
9.8¢ Sentiment: None Disclosure: Not Held
(20min delay)
