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Junefield seeks US$480M compensation for Rio Blanco

China’s Junefield Ecuagoldmining has notified the government of Ecuador of a dispute and a claim for US$480 million in compensation related to its Rio Blanco gold-silver project, where it has been stopped from working.

Junefield seeks US$480M compensation for Rio Blanco Junefield seeks US$480M compensation for Rio Blanco Junefield seeks US$480M compensation for Rio Blanco Junefield seeks US$480M compensation for Rio Blanco Junefield seeks US$480M compensation for Rio Blanco

Rio Blanco in Ecuador

While the details of the notification have not been made public, deputy mining minister Enrique Gallegos told local media it was for breach of contract.