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Revolver Maps

Did these mining giants just confirm the next gold frontier — Ecuador?

gata.org / By Dave Forest, OilPrice.com, London / Monday, October 23, 2017

There was a breakthrough deal in the Tanzania gold sector late last week, with major miner Barrick agreeing to pay the government $300 million and surrender a 16-percent stake in operations in order to end an impasse that’s halted production.

But experiences like that aren’t going to encourage further investment in places like Tanzania, with news this week suggesting that the world’s top gold miners are looking to a new spot for growth projects: Ecuador.

That nation’s mining minister, Javier Cordova, told local press over the weekend that numerous major mining players are streaming into Ecuador — after new president Lenin Moreno moved last year to remove a moratorium on new mineral licenses and streamline processes for exploration and mining in the country. …

… For the remainder of the report:

https://oilprice.com/Metals/Gold/Did-These-Mining-Giants-Just-Confirm-Th…

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