Ecuador’s first mining project finance

Fruta del Norte is expected to cost more than US$1 billion to exploit/istock.com/bodnarchuk

Norton Rose Fulbright in Ottowa and Lexim Abogados in Quito have helped Aurelian Ecuador obtain up to US$450 million in project financing from private equity lenders to fund its exploitation of the Fruta del Norte mining project, in the first ever project finance deal to take place in Ecuador’s mining sector.