Darien Resource Development has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile.
According to the market research firm, a possible victory by leftist Andrés Manuel López Obrador poses “minimal downside risks to an otherwise strong outlook” for the country's mining industry.
Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer
Country's Chamber of Mines says rail system is not ready to handle that amount of cargo, adding that the potential impact on the mining industry has not been properly considered.