Quito, Ecuador – [06,06,2024] – Tobar ZVS, a leading law firm in Ecuador, is proud to announce its role as the corporate leading firm and legal advisor to SolGold in the signing of the contract for the construction of the large-scale Cascabel mine. This landmark project represents more than $4 billion investment over a 28-year life of the mine and is set to significantly bolster Ecuador’s economy and growth.
We would like to make a special recognition to our Senior Partner and Head of the Energy, Infrastructure and Natural Resources practice, César ZUMARRAGA, who led this process as Head of the Company’s Negotiating Team and our Partner Juan Fernando Larrea as the main legal advisor who, together with the entire team of the practice of Energy, Infrastructure and Natural Resources of the Firm assisted in this process.
Regarding the negotiation and execution of the Exploitation Contract, the CEO of Solgold PLC, Mr. Scott Caldwell, has said the following:
“Without the strategic support of our legal advisors, Tobar ZVS, and especially César ZUMARRAGA, who led the negotiation with the Government, SolGold would not have reached this important milestone. We are grateful and convinced that the firm’s support will be essential for Cascabel’s future”.
The Cascabel mine is poised to become one of the most important mining projects in Ecuador and the world, contributing to the country’s economic development and providing substantial employment opportunities. Being the corporate legal firm to be involved in this project, underscores our commitment to supporting key industries and facilitating significant investments in Ecuador.
Tobar ZVS is honored to have supported SolGold in this pivotal project. The Cascabel mine is not only a milestone for our client but also a major advancement for the mining industry in Ecuador. Our team’s dedication and expertise have been crucial in navigating the complexities of this significant contract.
The more than $4 billion investment will span the entire lifecycle of the mine, ensuring sustained economic benefits and infrastructure development. The project aligns with Ecuador’s goals for economic diversification and sustainable growth, making it a vital component of the nation’s long-term strategic plans.
As a firm with extensive experience in the natural resources, mining, energy, and infrastructure sectors, Tobar ZVS continues to play a critical role in advising and supporting clients on large-scale projects that drive economic progress. Our comprehensive legal services and strategic counsel have been instrumental in bringing the Cascabel project to fruition.
For more information on Tobar ZVS and our legal services, please visit our website at tzvs.ec
