Codelco Begins Talks With Ecuador Over Junin Copper Deposit
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Chile’s Codelco, the world’s biggest copper producer, is in talks with Ecuador to jointly develop the Junin copper deposit, Chairman Gerardo Jofre said today.
“We are at the beginning of talks with them,” Jofre said during a visit with Ecuador’s President Rafael Correa to Codelco’s Gaby copper mine in northern Chile. Codelco has spent $4 million on exploration targets in Ecuador and plans to invest between $10 million and $30 million in exploration over the next four years, the company said in a statement today.