Attention to those interested in mining investment in Chile!
If you missed the webinar “Mining Investment in Chile – Challenges and Opportunities”, we invite you to watch it again. This virtual event featured the presence of important leaders and experts in the Chilean mining industry, including Augusto Céspedes, CEO of Xplora Minerals.
During the webinar, Céspedes shared his vision about the Juanita project and how it could lead the company to make the leap from a small miner to a medium one and process sulfates or cathodes. In addition, he highlighted the location of the mine in the Second Region of Antofagasta, in between the Marimaca and RayRock projects, and its potential attractiveness to develop the scalability they are looking for, given its proximity to the Angamos Port, the main copper shipping port in Mejillones:
“We want to make that leap from a small miner to a medium one and process sulfate or cathode. Within the Xplora group, we also have a couple of mines that are around and we want to start operating them to prolong the life of the plant. But the opportunity is there. In fact, this mine is located in the Second Region of Antofagasta, in between the Marimaca and RayRock projects. It has road infrastructure and is less than 60 km from the Angamos Port. This makes it potentially attractive to develop the scalability that we are talking about.”
Céspedes also talked about the guarantee they offer in the Juanita project, as mining producers who have been operating the mine since 2012.
“One of the guarantees that we offer in the Juanita project is that we, as mining producers, have been operating that mine since 2012. Many professionals have passed through that mine who in 2014-2015 said that the mine no longer had any more mineral. Currently, in 2023, we are ensuring that there are at least 2 million more reserves to feed a plant. Therefore, the group that we have is quite attractive.”
Finally, Céspedes shared the story behind Xplora Minerals and how the company has evolved from being a mining producer to scaling up as a medium one and seeking other exploration projects:
“You will see that I am very young in this. But it is not a coincidence. My grandfather was a miner, my father was a miner. He passed away in 2017 and that is when Daniela, my sister, who is a lawyer and we work together in Xplora and Quimurco, took control of the company and started changing the way we could grow. What started as a mining producer took a step further, to scale up as a medium one and to seek other exploration projects.”