Chile’s Collahuasi plans resource sharing with Canada’s Teck Resources – by Fabian Cambero (Reuters Canada – January 9, 2019)

https://ca.reuters.com/

(Reuters) – Chile’s Collahuasi copper mine is talking to Canada’s Teck Resources Ltd (TECKb.TO) about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday.

Collahuasi – owned by Glencore (GLEN.L) and Anglo American (AAL.L) – is seeking “synergies” with companies with operations close to its own mine in the Tarapaca area on the border with Bolivia, Gomez said, principal among them Teck.

These include sharing pipe and power lines and maritime facilities, as well as potentially sharing desalinated water in an area where water shortages are increasingly becoming an issue, he added.

“We have many things in common that we have been talking about over time and which is helping both them and us in terms of construction and future developments,” Gómez told reporters at an event in Santiago.

“It does not make much sense that two companies so close together should double-up on these things.”

For the rest of this article: https://ca.reuters.com/article/businessNews/idCAKCN1P320W-OCABS

Comments are closed.