Fruta del Norte gold mine

Importer: Boliden Commercial AB, Sweden
Caterpillar Financial Services Limited, KfW IPEX Bank GmbH, ING Capital LLC, The Bank of Nova Scotia, Societe Generale, Bank of Montreal and Natixis, New York Branch
Borrower: Aurelian Ecuador S.A., Ecuador
Sponsor: Lundin Gold Inc., Canada
Project and project’s location: Fruta del Norte gold mine in Zamora Chinchipe Province, Yantzaza Canton, Los Encuentros Parish, Ecuador
Country of export transaction: Ecuador
Total amount of Senior Debt financing: USD 350 million
ECA Facility amount: USD 100 million
Percentage of cover: 90%/90%
Credit period: 8 years
Project classification: Category A
Source of environmental and social impact information (for projects in category A): Basic information as well as information on environmental and social impacts were published at least 30 days before the guarantee agreement was signed. Date of publication 31 May 2018: Environmental Impact Assessment Reports (PDF).
International standards applied in benchmarking: IFC Performance Standards and relevant EHS Guidelines.
Contact point: environment(at)finnvera.fi
Information published: 12 September 2018