10
Nov
14:32
Rio Tinto, Codelco form JV for Chilean copper exploration
Mining major Rio Tinto and Chilean state-owned copper producer Codelco have formalised a joint venture (JV) to explore and potentially develop assets in the country’s Atacama region, Kallanish reports.
On Wednesday, Rio Tinto completed the acquisition of PanAmerican Silver’s 57.74% stake in Agua de la Falda for $45 million to form the JV called Nuevo Cobre (New Copper). Codelco owns the remaining 42.26% interest in the firm.
Rio Tinto chief executive …
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