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Ecuador's state mining company eyeing partnerships for 3 projects

Bnamericas Published: Thursday, September 22, 2022
Ecuador's state mining company eyeing partnerships for 3 projects

Ecuador’s state mining company Enami EP launched a tender for a consultancy to value the Pacto, La Tronera and Isimanchi projects.

Pacto is a gold project in Pichincha province, 70km from Quito, while La Tronera and Isimanchi are limestone projects.

According to Enami, Pacto, which is in an advanced exploration stage, also has potential for silver within a system of vein mineralization and a possible gold-copper porphyry deposit.

The project includes two concessions: Ingapi (2,394ha) and Urcutambo (2,252ha).

La Tronera is located in the Andean province of Chimborazo, in the central part of the country. It is a brownfield project in the initial exploration stage.

Isimanchi is also a brownfield project located in the Amazon province of Zamora Chinchipe and is in the advanced exploration stage.

The objectives of the tender are to have clear scenarios for possible strategic alliances or transfers of rights, for which the consultancy must recommend the modality of association or alliance that favors the interests of Enami EP, establishing the most suitable participation percentage and the value for which 100% of the projects could be transferred.

Bids are due September 27 and the estimated award date is October 4.

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