Antofagasta Minerlas has formally submitted its “Oxidos Encuentro” project for environmental approval in Chile. The project, to be located in Sierra Gorda, Chile, will involve an investment of $600 million.
The company plans to being construction works in 2014 and to initiate production in 2016.
The open-pit mine is forecasted to produce 50,000 tons of copper cathodes per year for a period of eighty years.
Source (Spanish): Portal Minero via BrightWire News.