Lumina Gold secures improved Ecuador terms with Cangrejos mining permit, analyst says
The contract includes $25 million in advance royalty payments to the government split into four stages.
Brazilian miner Vale SA will resume operations at a port terminal in Vitória, in the southeastern state of Espírito Santo, after reaching an agreement with local authorities, according to a securities filing on Wednesday.
The authorities had closed the port terminal operated by the miner and fined it 35 million reais ($9.43 million) for throwing mining residues in the sea. Vale said the agreement foresees investment to improve residues treatment.
($1 = 3.7126 reais)
(By Carolina Mandl; Editing by Kirsten Donovan)
