Nittetsu Mining Projects Advance with Peruvian Environmental Approval and Chilean Debt…
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- Developments
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- Repetition
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New informationRepeats or wire copies
What happened
The Peruvian subsidiary of Camino Minerals Corporation, a joint venture partner with Nittetsu Mining, received approval from Peru's Ministry of Energy and Mines for the Second Modification of the Semi-Detailed Environmental Impact Assessment for the Costa de Cobre Project in southern Peru. This approval increases the effective exploration area by approximately 94%, expanding capacity to support 280 drill platforms and up to 611,840 metres of drilling capacity. Separately, discussions are ongoing regarding a potential Japanese debt facility to commence construction of the Puquios copper mine in Chile.
From parisguardian.com
Why it matters
The Peruvian approval provides a major operational milestone for the Costa de Cobre Project, validating the exploration potential of the company's claims. The ongoing discussions in Chile regarding a potential debt facility could pave the way for the development of the Puquios copper mine.
From parisguardian.com
Who's involved
- Nittetsu MiningJoint venture partner in Peru and involved in discussions regarding a potential debt facility in Chile.
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The entities involved
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Nittetsu Mining
Nothing else this week.
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Peru
sovereign state in South America
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Chile
country in South America and Oceania, with a claim in Antarctica