Northern Miner (Dec. 28, 2016)
Depending on the feasibility study underway, a deep-pocket miner would love to take over Coro, a new copper producer on the horizon. Greenstone Private Capital is not a miner and they now controlled the Company. Quoting Northern Miner... "... Ivan SXEW plant from Minera Rayrock, a Chilean subsidiary of Compania Minera Milpo S.A.A., a Peruvian mining company, for around $6.5 million. The plant, which operated from 1995 until 2012 and is now on care and maintenance, has an installed capacity of about 10,000 tonnes per year of copper cathode. The plan is to expand the plant to produce about 24,000 tonnes of copper cathode per year. Coro hopes to receive all of the necessary permits for Marimaca around the fourth quarter of 2018 with potential start up, depending on debt financing, in the first quarter of 2019."