Coldeco Reveals Significant New Chilean Copper Deposits

Cecilia Jamasmie of Mining.com reported that Chilean state-owned copper miner Coldeco has found new copper deposits containing over 1,800 million tonnes of high-grade ore in Chile. Coldeco CEO Thomas Keller told Mining that the company has invested significant resources in exploration over the past four years, and has focused on exploring areas near known deposits. This announcement comes as analysts worry for a copper market surplus in 2014.

As quoted in the publication:

Significant results were obtained at La Americana, Cerro Negro and Copa Sur, adjacent to Codelco’s Andina division, which according to the company show a potential of 600, 1,000 and 75 million tonnes of copper ore respectively.

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