off-the-wire

Chile’s ENAMI opens process to seek investors for $1.7B smelter

Kitco Media
By Reuters
Published:
Updated:
Reuters
Chile’s ENAMI opens process to seek investors for $1.7B smelter teaser image

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)

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