Candente Looking to Expand $1.5 Billion Peru Copper Project
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Candente Copper Corp., a Canadian exploration company, expects to make new discoveries next year at its $1.5 billion Peruvian copper deposit, as it seeks to expand its operations.
Candente is waiting for a water permit to complete a $30 million feasibility study for its Canariaco project in the northern Andes, Chief Executive Officer Joanne Freeze said today in an interview in Lima. Canariaco Norte, one of three deposits in the company’s concession, is feasible at a copper price as low as $2.25 per pound, Freeze said.