Augusta Announces Minority JV with Korean Consortium

- September 16th, 2010

Augusta Resource Corporation (TSE:AZC, NYSE Amex:AZC) announced that its wholly-owned subsidiary, Rosemont Copper Company entered into an Earn-In Agreement with a Korean consortium, the members of which are Korea Resources Corporation and LG International Corp.

Augusta Resource Corporation (TSX:AZC, NYSE Amex:AZC) announced that its wholly-owned subsidiary, Rosemont Copper Company entered into an Earn-In Agreement with a Korean consortium, the members of which are Korea Resources Corporation and LG International Corp.

The press release is quoted as saying:

Korea Resources Corporation is wholly-owned by the Korean government and is charged with a policy mandate to further Korea’s access to strategically important mineral resources, both domestically and internationally. The company carries out the Korean government’s mineral resources policy objectives by engaging directly, or indirectly through joint ventures or in the form of minority investments, in overseas exploration, development and production of strategically important mineral resources, and managing the nation’s stockpile of rare mineral resources

Click here to access the entire press release

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