Teck invests in Armenia explorer Fremont Gold
Teck has acquired a 6.89% ownership in the junior explorer.
Chile’s state-run copper firm Codelco will await feasibility studies about expanding the El Abra mine before evaluating a financing strategy for the joint owned project, Codelco chairman Maximo Pacheco said on Wednesday.
US miner Freeport McMoran, which owns 51% of the mine, plans to invest around $7.5 billion to expand.
(By Fabian Cambero and Daina Beth Solomon)
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