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Article: Rio Tinto Signs Further Joint Venture Agreements with CODELCO for Copper Exploration in Chile.
- Article from:
- Business Wire
- Article date:
- September 2, 2008
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LONDON -- Rio Tinto has signed two exploration joint venture agreements with CODELCO's 100% owned subsidiary, CCM Los Andes, in Chile. These agreements follow the first exploration joint venture agreement signed between Rio Tinto and CODELCO in January 2008. CODELCO is the world's largest copper producer.
The new properties to be explored are the Esteli and Paloma prospects in northern Chile. The Esteli property adjoins the Exploradora property, which was subject to the first joint venture agreement between Rio Tinto and CODELCO, while the Paloma property is located close to the copper mines at Spence and El Tesoro. An exploration drilling programme is currently ...