The progress achieved by Sociedad Sulfatos Chile, a copper sulfate subsidiary of Casablanca Mining, was declared by the company on March 8, 2011.
Casablanca Mining, a copper sulfate production project that owns the Anica Copper Mines, owns 60% of the equity of Sulfatos Chile through its wholly-owned subsidiary, Santa Teresa Minerals.
The concession for exploiting the mine was handed over to Sulfatos Chile in February 2011. This shelters the area that is being exploited for the raw materials to be processed at the Sulfatos Chile plant. Officials from the mining department of Illapel recorded the concession and published the same on February 15, 2011 to suit local mining demands.
On February 21, 2011, Sulfatos Chile signed a lease offer with purchase option for a 10 year term with the property owners of the plant site. The lease includes the water rights of 2 liters per second.
On February 14, 2011, geologists inspected the site of Sulfatos Chile’s Anica Copper Mine. Following the inspection, geologists concluded that they had to carry out additional studies to confirm the presence of greater mineral mining resources for meeting the project requirements.
Several mining companies submitted private bids to Sulfatos Chile for constructing and managing operations at Sulfatos Chile’s copper sulfate production facility. Officials conducted a technical analysis of each proposal and studied in detail the relevant specifications. The bidding companies’ commercial and financial backgrounds were also verified. As a final step towards the construction of industrial plant, Sulfatos Chile accepted the bid of Ingefribra-RCG for the erection and industrial plant introductory procedures.
Source: Casablanca Mining Limited