Article

Australian company Cobre Limited has signed an exclusive agreement to acquire a 51% stake in the Sierra Atacama copper project from Minera Salar Blanco, owned by Chilean entrepreneur Martín Borda. The deal is valued at approximately $50 million and involves a mining district of about 40,000 hectares in the Antofagasta region. The project includes an operational underground mine producing around 400 tons of copper cathodes monthly, with expansion potential.