Puquios Copper Project in Chile Satisfies USD$1.7M Bond Security for Key Water Management Infrastructure
Camino Minerals' 50/50 joint venture Cuprum has satisfied a USD$1.7M bond requirement, and Chile's DGA has authorized construction of the Coloradito Ravine Diversion and Channelization Works at the Puquios copper project. The water infrastructure is required to manage surface water around the mine and planned heap-leach facilities; the bond is refundable in full once construction is completed and DGA-certified. Camino and Nittetsu are finalizing administrative and commercial arrangements for a Japanese-sourced debt facility to advance Puquios into construction, subject to definitive agreements and lender approvals.
Key figures
- Bond amount usd
- 1700000
- Joint venture ownership
- 50/50 Camino/Nittetsu (Cuprum Resources Chile SpA)
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