Common Contracts
1 similar null contracts
Capstone Mining to Acquire Far West Mining and Form Strategic Partnership and Joint Venture with Korea Resources CorporationApril 17th, 2011
Far West’s 100% owned Santo Domingo project (“Santo Domingo” or the “Project”) is a large-scale copper-iron- gold development project located in Region III, Chile. Santo Domingo has the potential to be a long lived significant copper and iron ore producer, based on an indicated mineral resource of 486 million tonnes at a copper-equivalent1 grade of 0.57% and an additional inferred mineral resource of 61 million tonnes at a copper-equivalent grade of 0.46%. The Project is strategically located near key infrastructure (highway, rail, power, port, smelter and airport) in a prolific, established mining district with several significant copper and iron mining and smelting operations. A Preliminary Economic Assessment (“PEA”) completed in May 2008, using indicated and inferred resources, projected life of mine average annual production of 65,000 tonnes of copper2 and 4 million tonnes of iron concentrate. Since completion of the PEA, the indicated mineral resource has more than doubled. The p
