Gecamines offers $1 million to block Chinese deal with cobalt miner Chemaf
Chemaf agreed to sell its assets to Chinese defence and industrial giant, China North Industries Corp, or Norinco in June.
BHP Billiton is currently working on the expansion of the Escondida mine, located in Chile.
The expansion project is scheduled to be complete in 2015 and the company expects to produce 1.3 million tons of copper that year, representing 23% of copper production in the country.
Source (Spanish): Minería Chilena via BrightWire news.
