Codelco Seeks Entry to World-Class Ecuador Mine: Chamber
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Codelco, the largest copper producer, is negotiating access to a “world-class” deposit in Ecuador, paving the way for the state-owned company’s expansion outside of Chile, according to an industry group.
The Junin deposit in northern Ecuador contains enough copper and molybdenum to rival the biggest mines in Chile and Peru, which include Anglo American Plc and Xstrata Plc’s Collahuasi and BHP Billiton Ltd.’s Escondida, Santiago Yepez, president of Ecuador’s Mining Chamber, said in an interview in Quito. Chile and Peru are the world’s top copper producers.