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Quadra FNX and Sumitomo form US$724 million joint venture to develop Sierra Gorda copper-molybdenum project in Chile

Michael Allan McCrae | May 16, 2011 | 6:11 pm Base Metals Precious Metals Latin America Copper Gold Molybdenum 

Quadra FNX Mining announced on Sunday a US$724 million joint venture with Sumitomo Corporation to develop the Sierra Gorda copper-molybdenum project in Chile. The total cost of the mine is estimated at US$2.8 billion and production is scheduled to start...

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