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3/8/17

IKN Exclusive: Milpo to JV Haquira with First Quantum

There are PDAC rumours and there are PDAC rumours. Most of the snippets that come from the big shebang and pass over this desk don't make print because they're not solid enough, but this one passes the test with flying colours.

First Quantum (FM.to) hasn't done much with the big Haquira copper project (close to Las Bambas in South Peru) since buying it from Antares, but that's about to change, as Peru's Milpo (majority controlled by Brazil's Votorantim) is about to buy into the project and go JV.

You heard it here first.