CAPITAL MARKETS

Antofagasta makes first entry into Australia

CHILEAN copper major Antofagasta will make its first Australian investment in the form of a farm-in agreement over Monax Mining’s Punt Hill copper-gold project in South Australia.

Kristie Batten
Antofagasta makes first entry into Australia

Under the terms of the deal, Antofagasta will be able to earn a 51% interest in Punt Hill by spending $US4 million ($A4.47 million) on exploration over four years. Monax can then elect to remain at a...

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