Avanco to acquire Pantera copper project
Published by Harleigh Hobbs,
Editor
Global Mining Review,
Avanco has agreed terms for an option to acquire 100% of the Pantera copper project (Pantera) from Vale S.A. (Vale).
Pantera is located near to Avanco’s existing operations in the world class Carajás Mineral Province, Brazil, and has the potential to significantly add resources, reserves and a longer-term production profile for the company.
Tony Polglase, Managing Director, commented: “We are delighted to close this transaction with Vale and believe this is testament to Avanco’s credibility in Brazil, ability to grow our footprint in Carajás and ultimately to significantly increase production and longevity.”
There has been extremely encouraging high-grade copper results from historic drilling. An initial 5000 m drilling programme is currently being assessed and will begin during 1Q18, with a maiden JORC Mineral Resource to be defined.
Read the article online at: https://www.globalminingreview.com/finance-business/16012018/avanco-to-acquire-pantera-copper-project/
You might also like
Ready to revolutionise the cement industry?
Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
Albemarle and Cat to pioneer sustainable mining technologies and operations
Albemarle Corp. has signed agreements with Caterpillar Inc. to collaborate on solutions to support the full circular battery value chain and sustainable mining operations.