Chile’s state-run mining company ENAMI on Wednesday said it has opened a process to seek investors for a $1.7 billion copper smelter.
ENAMI would offer a supply of copper cathodes in exchange for the investment, it said. The project is expected to have the capacity to process 850,000 metric tons of copper concentrate a year and produce 240,000 tons of copper cathodes, ENAMI said.
(Reporting by Daina Beth Solomon and Fabian Cambero; Editing by Brendan O’Boyle)