As mining projects face headwinds from rising tensions, investors' courage will be tested, says Fitch Solutions Macro Research, which could hinder Ecuador’s plan to attract $4 billion to the sector by 2021.
Ruben Fernandes, who has led the company’s iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals effective March 1.
The founder of the US private security company aims to raise as much as $500 million to invest in deposits of metals such as cobalt, lithium and copper.