Codelco announced the start of a process to enter into exploration partnerships with third parties that invest risk capital and promote new discoveries that generate value, in order to ensure greater resources for the State in the future. . There are 34 projects, which have at least basic exploration, mainly copper and gold, located in well-known mining districts between the Arica and Parinacota and Ñuble regions. The state copper company explained that this portfolio meets all the internal and legal requirements to be available for associations with third parties, especially those indicated in Law 19,137, of 1992, which establishes the rules on the mining properties of the National Copper Corporation-Codelco that are not part of the deposits currently being exploited or intended for expansion or replacement plans.The selected portfolio is made up of projects that cover approximately 255,000 hectares under concession to Codelco, and that are in an early stage of exploration with varying degrees of progress: eight of the projects have drilling information; 22, with geophysical information and 33, with geochemical information.The commitment is to promote this portfolio to third parties that are interested in completing the exploration and advancing in the development of projects, with Codelco as a partner. For this, it is necessary that the applicant companies have the capacity to attract capital, innovation or the necessary technologies for the exploration and future development of these projects. This model will allow evaluating the possibility of an upcoming construction and operation of new deposits, which will allow the Corporation to capture value and generate additional surpluses for Chile.In the last 30 years, since Law 19,137 was enacted, Codelco has signed various contracts of this type. Among them, El Abra and SCM Purén, which today form part of the network of affiliated companies of the state company and which have provided significant economic dividends for the State.It should be noted that, according to the aforementioned law, in order to have any mining property for an association with third parties, Codelco must have carried out the basic exploration work and have the respective agreement of the board of directors and a previous report, also favorable, by the the Chilean Copper Commission (Cochilco). In addition, the acts and contracts entered into under this framework must be approved by the President of the Republic and by the Ministry of Mining.Complying with the high standards of transparency that the Corporation has imposed, as of today information on the 34 projects available for exploration and association with third parties is available at the link /associaciones-de-exploracion on the www.codelco website. .com .
Codelco announced the start of a process to enter into exploration partnerships with third parties that invest risk capital and promote new discoveries that generate value, in order to ensure greater resources for the State in the future. . There are 34 projects, which have at least basic exploration, mainly copper and gold, located in well-known mining districts between the Arica and Parinacota and Ñuble regions. The state copper company explained that this portfolio meets all the internal and legal requirements to be available for associations with third parties, especially those indicated in Law 19,137, of 1992, which establishes the rules on the mining properties of the National Copper Corporation-Codelco that are not part of the deposits currently being exploited or intended for expansion or replacement plans.The selected portfolio is made up of projects that cover approximately 255,000 hectares under concession to Codelco, and that are in an early stage of exploration with varying degrees of progress: eight of the projects have drilling information; 22, with geophysical information and 33, with geochemical information.The commitment is to promote this portfolio to third parties that are interested in completing the exploration and advancing in the development of projects, with Codelco as a partner. For this, it is necessary that the applicant companies have the capacity to attract capital, innovation or the necessary technologies for the exploration and future development of these projects. This model will allow evaluating the possibility of an upcoming construction and operation of new deposits, which will allow the Corporation to capture value and generate additional surpluses for Chile.In the last 30 years, since Law 19,137 was enacted, Codelco has signed various contracts of this type. Among them, El Abra and SCM Purén, which today form part of the network of affiliated companies of the state company and which have provided significant economic dividends for the State.It should be noted that, according to the aforementioned law, in order to have any mining property for an association with third parties, Codelco must have carried out the basic exploration work and have the respective agreement of the board of directors and a previous report, also favorable, by the the Chilean Copper Commission (Cochilco). In addition, the acts and contracts entered into under this framework must be approved by the President of the Republic and by the Ministry of Mining.Complying with the high standards of transparency that the Corporation has imposed, as of today information on the 34 projects available for exploration and association with third parties is available at the link /associaciones-de-exploracion on the www.codelco website. .com .
