upandaway

There's an active mining environment in Chilke as reported
via Mining Perspectives BNamericas

Business News Americas - Latin America's Business News, Information and Research Center for the Global Economy

Chilean copper miner Antofagasta Minerals signed an agreement with Japanese corporation Marubeni whereby the latter will gain control of 30% of the Esperanza project and El Tesoro mine.


Marubeni agreed to pay Antofagasta Minerals US$1.31bn for the stake and will help cover the Esperanza project's capex of US$1.90bn.


And Chilean iron ore producer Minera Santa Fe reportedly plans to invest US$2.5bn in projects over the next three years along with Indian company JSW, a subsidiary of the Jindal Steel Group. In January the two companies had signed a JV whereby they would spend US$500mn on projects.


Also this week, Chile's region I environmental regulator Corema has approved an EIA submitted by copper miner Minera Doña Inés de Collahuasi to build a US$117mn co-generation unit 185km southeast of Iquique.