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Reuters | Ecuador signs $1.7 billion mining deal with CMOC Group

2026-05-07 13:24:39

Ecuador signed a mining contract with the local subsidiary ​of China's CMOC Group for the Los ‌Cangrejos mining project, Ecuador's energy ministry said on Monday, putting the total expected investment at more ​than $1.7 billion.

The project, located in the El ​Oro province and developed by subsidiary ODIN ⁠Mining del Ecuador, is projected to ​generate $4.39 billion in total revenue for the state ​through taxes, royalties, and other fees, the ministry said in a statement.

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