Singapore’s Boroo Enters Ecuador Through Codelco-Linked Mining Concessions
Singapore mining company Boroo has entered Ecuador through the acquisition of a significant number of concessions from Emsaec, a Codelco subsidiary.
Former mines vice minister Guillermo Flores confirmed the transaction and said Boroo expressed interest in continuing exploration in the concessions.
Transaction Signal
The Boroo name circulated during Expominas on May 6, 2026, where the company appeared under the name Metallum 99 as a partner of the mining event.
Flores, who left the mines vice ministry on July 1, 2026, confirmed the transaction but did not detail which concessions Boroo acquired. He said only that the Codelco-linked areas are in exploration stage.
The company said it is planning an agenda for the coming weeks and is still “recién aterrizando” before releasing more details.
Company Background
Boroo Pte. Ltd. was formed in Singapore in 2018 under the original name OZD Asia by commodity traders seeking to invest in global mining assets.
After stabilizing operations in Asia, Boroo expanded to Peru in 2021 by acquiring the Lagunas Norte mine from Barrick Gold and creating Minera Boroo Misquichilca.
What To Watch
The immediate investment question is which Ecuador concessions moved from Emsaec to Boroo and how quickly exploration work resumes. Mining investors should also watch whether Boroo’s Ecuador agenda clarifies project geography, capital plans, permitting status, and its relationship to Codelco’s prior portfolio.
Source
Primicias — “Empresa minera de Singapur entra a Ecuador y adquiere varias concesiones que tenía la chilena Codelco”
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