SHRI INC. PRESENTS ITS FIRST INVESTMENT IN CHILEAN MINING
The Canadian company Sprott Resource Holdings Inc. (SRHI) delivered the details of its investment in the Minera Tres Valles, which holds two major copper deposits located in the IV region, on November 15.
The activity, which was arranged by Tres Valles and SRHI alongside the Canadian embassy, had the highest authority of Canada in Chile, the ambassador Patricia Peña, representing Canada’s approval of this transaction as the event was even held in her own home with a beautiful cocktail reception and cultural dance. In addition, there were various figures from the national mining industry that participated and benefited from the opportunity to market themselves and their companies in a friendly social setting.
The Canadian investment company SRHI declared its arrival in Chile in October of 2017 after officially acquiring 70% of Minera Tres Valles by directly purchasing its shares from the Vecchiola group.
Tres Valles is a medium-sized mining company located in the IV region of Coquimbo, in the municipalities of Salamanca and Illapel, that produces high grade copper cathodes. It has two deposits, Papomono (underground) and Don Gabriel (open pit).
Steve Yuzpe, CEO of SRHI, said that arriving at Minera Tres Valles, the first copper producing project that SRHI has invested in, was based on the good work carried out by the company in terms of production, quality, experience and sustainability. In addition, the CEO pointed out the advantages of implementing this project due to the high future copper price projections in the international markets.
On behalf of the CEO of Minera Tres Valles, Luis Vega, he highlighted the highly mature production plan and exploration potential of the company, as well as the sustainable approach that Tres Valles has taken since its development; in summary, these are all conditions that encouraged SRHI to become part of this mining project.