- Write by:
-
Tuesday, March 29, 2022 - 12:45:42
-
420 Visit
-
Print
Mining News Pro - Chile’s Codelco, the world’s largest copper producer, is preparing to offer the market some “non-core” exploration assets, signaling a rare privatization for the state-owned mining firm, a senior executive said on Monday.
Patricio Vergara, vice president of mining resources and development at Codelco, said the hived-off assets could become eventual partnerships, which would mark a new model for the firm in Chile.
“We could make some kind of association with those companies that are interested in investing in joint development,” Vergara said during a presentation at the CRU-CESCO World Copper Conference.
Vergara did not give technical details of the projects or a timeframe for the company’s plans to offer the assets.
The executive said that the firm’s nascent lithium mining push was advancing at a slightly slower pace than expected. Chile is the world’s second-largest producer of the ultra-light battery metal that is key for the global electric vehicle market.
“We’ve seen permitting, approval times have been a little bit longer than we thought. There have been higher drilling costs,” he said.
In February, Codelco said it would start drilling in the Salar de Maricunga by late March, and that it would last about 10 months.
Short Link:
https://www.miningnews.ir/En/News/620957
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric ...
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution ...
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival ...
The chairman of Chile’s state-run copper giant Codelco said on Monday that he expects to reach a lithium deal with ...
China’s Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
No comments have been posted yet ...