Codelco in Talks with Ecuador to Develop Junin Copper Deposit

Bloomberg reported that copper miner Codelco is in talks with Ecuador about a possible joint development of the Junin copper deposit.

As quoted in the market report:

Jofre and Chile’s Mining Minister Hernan de Solminihac gave Correa a tour of the Gaby mine as the Ecuadorean leader seeks to build support at home for his country’s nascent mining industry. The Junin deposit in northern Ecuador contains enough copper and molybdenum to rival the biggest mines in Chile and Peru, according to Ecuador’s Mining Chamber.

To view the whole Bloomberg report, click here.