- Published: Tuesday, 11 February 2014 09:31
- Written by E&MJ News
Polar Star Mining has entered into a joint-venture agreement with Newmont Ventures Ltd., a subsidiary of Newmont Mining, to explore and, if appropriate, develop Polar Star’s Montezuma copper project in the Antofagasta and Calama districts of northern Chile. A three-phase earn-in amounting to $20.5 million over a seven-year period will allow Newmont to own up to a 75% interest in the concessions. Newmont will act as the manager and operator of the joint venture.