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Orosur Mining Inc

  • BY: Andrew Hore |
  • POSTED: 18/01/2020 |

Orosur Mining Inc has gone some way to finalising its remaining commitments in Uruguay. 

Orosur has until September 2021 to complete the payments under its creditors’ agreement in Uruguay. IMC, a potential buyer of its mining licences in Uruguay did not finalise an agreement by the original deadline, so Orosur is talking to alternative purchases as well as continuing discussions with IMC.

Newmont Colombia is investing in the development of Minera Anza and fulfilled its year one commitment for its phase one earn-in rights.

There was $809,000 in the bank at the end of November 2019.

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