EMR sets sights on third copper mine in 18 months.

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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