Chile will cooperate in copper mining

Image: Expreso

The Government offered to boost the mining sector in 2016. This is the bet for strategic sectors. Under this logic the government took yesterday a first step sealing a binational alliance.

The state mining company and Codelco, of Chile, will form a company of mixed economy to exploit the Llurimagua mining project, located in Imbabura.

The companies already have some advance work: 13,000 meters have already been drilled and 15,000 meters more are planned to be drilled next year, with an investment of 14 million dollars. Ecuador and Chile expect the project to be economically feasible to move into a second phase. Copper and molybdenum will be exploited in Llurimagua.

Translated into English by Pierina Abad

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8725909&idcat=38229&tipo=2