Canadian project developer Lundin Gold, a member of the Lundin Group of Companies, has received a nod of approval from the Ecuador government to take its Fruta del Norte project into the exploitation phase.
The TSX- and OMX-listed miner said the Ecuador government had approved a ‘phase change application’ for the La Zarza concession under the country’s mining law and allows subsidiary Aurelian Ecuador, to enter into the ‘exploitation agreement’ with government and to proceed with its plans to develop the project.
