It’s looking as though Chile will be the home to the third copper mine for EMR Capital going into operation within 18 months. EMR has made a deal to buy BHP’s Cerro Colorado mine in northern Chile including the copper stockpiles on site, a deal expected to close by the end of 2018. The average grade of copper is 0.59%, but the SX-EW plant and 76 million tonnes of reserves should provide the site with about six more years of operation. EMR has plans to increase production and life-span of the mine, but hasn’t revealed any details yet.
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