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CMOC (03993.HK) Signs Mining Agreement with Ecuador; Gold Project to Be Completed and Commence Production in 2029
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A shareholders meeting of CMOC (03993.HK) was held as scheduled today (28th) in Luoyang, Henan. According to the Shanghai Securities News, citing company management, the Odin Mining gold project is planned to be completed and commence production in 2029. In June last year, CMOC completed the acquisition of a 100% stake in the world-class gold asset, Odin Mining in Ecuador, for CAD581 million. The deal also secured four hydropower stations and exclusive rights to 232 megawatts of power supply, ensuring electricity supply for the project. In addition, it was reported that Ecuadors Ministry of Energy announced it has signed a mining agreement for the Los Cangrejos project with ODIN Mining del Ecuador, a subsidiary of CMOC. (ta/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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