Rio Tinto, the British-Australian company metal and mining company has entered into a joint venture with Kazgeology to explore the Korgantas area in Kazakhstan’s Karaganda region for copper porphyry ore. The two organisations set up the Korgantas LLP last month and will start work in Q2 of 2015. The purpose of the project is the exploration, discovery and evaluation of economically viable copper and metal deposits in sufficient quantities to merit the JV’s large scale and long-term operation. Around $6m is to be invested during the prospecting period.
Rio Tinto signs up to Kazakh copper exploration JV in Karaganda