- Chilean copper mine Collahuasi, owned by Glencore (OTCPK:GLCNF, OTCPK:GLNCY) and Anglo American (OTCQX:AAUKF, OTCPK:AAUKY), says it has agreed to a partnership with Teck Resources (TCK) to share resources and infrastructure.
- Collahuasi hopes to boost production after years of technical issues and labor disputes; TCK operates the nearby, smaller Quebrada Blanca mine.
- TCK expects the agreement to aid its current operations and a potential expansion of its copper mine through the shared use of water, energy, roads and other resources.
- Collahuasi produced 455K metric tons of copper in 2015, while Quebrada Blanca produced 39K metric tons.
- Now read Teck Resources: No longer in the danger zone