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Robertson, the current chief financial officer of Eco Oro, is filling a void left by the recent resignation of Mark Moseley-Williams.

“The agreement unites the shareholders of Eco Oro in pursuit of its arbitration claim against the Republic of Colombia,” said Eco Oro.

How the explosion occurred after the personnel entered the mine remains unclear, but one member of the crew managed to survive a blast.

Three rigs are now operating in this 15,000-meter exploration campaign, and two more are planned to join the effort later this year.

Anna Stylianides, executive chairman of the company’s board, will serve as interim president and interim CEO, said Eco Oro in a statement.

To add some clarity to the headline-making dispute, Finance Colombia Executive Editor Loren Moss recently sat down to talk with Colombian mining expert Paul Harris. In addition to being the organizer of the Colombia Gold Symposium, editor of the Colombia Gold Blog, and publisher...

The new director is an executive at Newmont Mining Corporation, which acquired a board seat following a recent $109 million USD investment in Continental Gold.

All of Continental Gold's nominees were approved while receiving at least 99.8% of the vote, according to a filing by the Toronto-based mining company.

The South African mining company said it made the "unfortunate decision to stop all project activities...until there's certainty about mining activity in the country."

While confirming the news, the gold mining company said that the director's resignation was "due to other business and personal commitments."