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Bolivian state miner Comibol sent the first shipment of copper cathodes from the Corocoro project in La Paz department on Tuesday to Peruvian firm Cormin, Bolivian press reported.
Cormin won a bidding process in July to purchase nearly 301t of the grade A copper cathodes from Corocoro. The transaction is worth about US$1.6mn, paper La Prensa reported.
Production at the Corocoro hydrometallurgical plant resumed last October, after being closed for 20 years. The Bolivian government invested US$18.5mn in the first stage of the project which involves the production of copper cathodes from strippings and tailings left over from old copper mining operations.
A second phase involves a JV contract between South Korean state company Korea Resources (Kores) and Comibol.