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Codelco takes Ecuador to arbitration over stalled joint project
The Llurimagua copper project, in the northern Ecuador Imbabura Province, is in the advanced exploration stage. (
Chile’s Codelco, the world’s No. 1 copper producer, is taking Ecuador to international arbitration over the Llurimagua exploration project, which is being jointly advanced by the two nations.
The 982-million-tonne Llurimagua copper project, about 80 km northeast of Ecuador’s capital of Quito, is in the advanced exploration stage and could become the first mine the Chilean giant operates abroad.
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The relationship between Codelco and Ecuador’s National Mining Company (Enami EP) dates back to 2008, when both state-owned miners inked a cooperation agreement.
Codelco takes Ecuador to arbitration over stalled joint project
The Llurimagua copper project, in the northern Ecuador Imbabura Province, is in the advanced exploration stage. (
Chile’s Codelco, the world’s No. 1 copper producer, is taking Ecuador to international arbitration over the Llurimagua exploration project, which is being jointly advanced by the two nations.
The 982-million-tonne Llurimagua copper project, about 80 km northeast of Ecuador’s capital of Quito, is in the advanced exploration stage and could become the first mine the Chilean giant operates abroad.
The relationship between Codelco and Ecuador’s National Mining Company (Enami EP) dates back to 2008, when both state-owned miners inked a cooperation agreement about a decade ago.