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Marimaca Copper Corp T.MARI

Alternate Symbol(s):  MARIF

Marimaca Copper Corp. is a Canada-based exploration and development company focused on base metal projects in Chile. The Company’s principal asset is the Marimaca Copper Project, located in the Antofagasta Region of northern Chile. The Marimaca Copper Project is situated at a low altitude in Chile’s Coastal Copper Belt, 25 kilometers (km) east of the port of Mejillones and 45 km north of Antofagasta, Marimaca has access to water and power, road and rail networks supplying sulphuric acid and other consumables, as well as deepwater ports. The Marimaca Copper Project comprises a set of concessions (the 1-23 Claims), properties 100% owned and optioned by the Company, combined with the adjacent La Atomica and Atahualpa claims, over which Marimaca Copper has the right to explore and exploit resources. The Company also has an option agreement to acquire the Pampa Medina project (Pampa Medina), which consists of four mining concessions totaling 144 hectares.


TSX:MARI - Post by User

Bullboard Posts
Post by Oregonduckon Feb 21, 2017 1:52pm
130 Views
Post# 25872802

Anglo's Chilean Mine to Suspend Operations

Anglo's Chilean Mine to Suspend Operationshttps://oilprice.com/Metals/Copper/This-Copper-Hotspot-Faces-Another-Shutdown.html

"...And the world’s top copper-producing nation Chile also had tough news for copper miners. With yet another mine in the country being shut down, on issues between the operator and national regulators.

That’s the El Soldado copper mine, run by Anglo American. An operation that’s been in business for years, and was running toward the end of its productive life under the current mine plan."

El Soldado's mine life will run out in 2019 just as Coro is ramping up its Marimaca operations in Q1 2019. Coro will be similar in size to El Soldado and Teck's with Lundin Mining having a much larger Cu mine operation in Chile. Lundin had in 2013 bought 80% interest in a similar size (25 ktpy) Cu mine in MIchigan for US$300 million that is now just coming on stream.

Bullboard Posts