Rio Tinto has entered a joint venture with Corporación Nacional del Cobre de Chile (Codelco) to explore and potentially develop the company’s assets in Chile’s prospective Atacama region. The companies will start their joint exploration project at Agua de la Falda. Rio Tinto recently completed the acquisition of PanAmerican Silver’s 57.74% stake in the asset for $45 million and the…
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Rio Tinto picks up Agua de la Falda, enters Codelco JV
Rio Tinto has agreed to purchase PanAmerican Silver’s stake in Agua de la Falda, with exploration tenements in Chile’s prospective Atacama region, and to enter a joint venture with Codelco (Corporación Nacional del Cobre de Chile) to explore and potentially develop Agua de la Falda’s assets.
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