The Conversation (0)
PanAust Ltd Tries to Form Partnership with Codelco in Bid for Chilean Copper Assets
Feb. 21, 2013 09:26AM PST
Base Metals Investing Bloomberg reported that Australian miner PanAust Ltd. is trying to acquire copper assets in Chile and hopes to form a partnership with Codelco.
Bloomberg reported that Australian miner PanAust Ltd. is trying to acquire copper assets in Chile and hopes to form a partnership with Codelco.
As quoted in the market report:
PanAust is boosting investments as it expects copper to stay between $3.50 and $3.80 a pound this year on sustained demand and limited supply, he said. Codelco, which invested a record $4.2 billion in 2012, plans to spend more than $5 billion this year as it begins to dig underneath its century-old Chuquicamata mine to access new deposits.