RIo Tinto and CODELCO‘s fully owned subsidiary, CCM Los Andes, have entered into two joint venture agreements so as to search for copper in Chile. Based on their stand alone investments of US$20 million per project Rio Tinto has 55 percent interest in each of the ventures with an option to increase to 60 percent. [...]
World’s largest copper producer, Codelco, submitted an environmental impact study regarding their intention to implement a $1.7 billion power plant that would supply electricity to its four mining divisions. The four, Chile base, divisions include Codelco Northern, El Salvador, Andina and El Teniente. The Central Termoelectrica Energia Minera project includes the construction of a thermoelectric [...]
Chile’s state-owned Codelco will exercise its options to buy two copper properties from government run Enami. For full story, click here
Chile’s Codelco, the world’s top copper miner, discovered a new deposit of gold and copper ore. “We have identified … a probable deposit of around 300 million tonnes with an ore content, including gold and copper, of around 0.8 percent,” the paper quoted Juan Enrique Morales, Codelco’s Vice President for Corporate Development, as saying. Read [...]
Overview Apoquindo Minerals (AQM: TSXv) is advancing its Copper Oxide Project in the heart of the world’s greatest copper producing region in Chile, as well as actively exploring multiple base metal and precious metal projects in Peru. During management’s tenure as top executives with Codelco Chile, the world’s largest copper producer ($24B market cap), they [...]
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