23 Sep Mining.com – BHP and Cobre to jointly explore for copper in Botswana
Mining giant BHP (ASX: BHP) has inked an agreement to form a joint venture with Australia-based copper explorer Cobre to search for Tier One copper-silver deposits in Botswana.
Tier One deposits are “company making assets”, as they are large, have a low cost and a long productive mine-life. In the copper sector, such assets usually have a reserve potential of more than 5 million tonnes of contained copper and cash costs per pound in the lower half of the industry cost curve.
Sign Up for the Copper Digest
The partnership follows Cobre’s successful participation in the BHP Xplor program, which also provided funding for a recently completed seismic survey on the Kitlanya West project. The earn-in deal also includes Cobre’s East Copper project. Both are located in the Kalahari Copper Belt of Botswana.
Article link: https://www.mining.com/bhp-and-cobre-to-jointly-explore-for-copper-in-botswana/