PanAust Seeks Copper, Gold Projects With Codelco in Chile
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PanAust Ltd., an Australian operator of copper and gold mines in Laos and Thailand, is seeking to acquire assets in Chile with partner Codelco to add to their Inca de Oro project.
PanAust wants to form ventures with the world’s largest copper producer for projects that have an annual output capacity of 50,000 metric tons to 150,000 tons, Managing Director Gary Stafford said in an interview yesterday. The partners are studying ways to boost the reserves of Inca de Oro, 34 percent owned by Codelco, and a decision is expected next year, he said.