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Avanco Copper to buy Pantera copper project


Avanco Copper has entered into an agreement to buy Vale’s Pantera high-grade copper-gold project, located near its existing operations in Brazil’s northern region of Carajás.

The acquisition cost is expected to range from $20 million to $35 million, depending on the strategy undertaken to complete the transaction.

“Its proximity to established infrastructure bodes well for low capital investment intensity, in many senses, similar to the company’s producing Antas copper mine, which was developed on time and within budget,” Avanco Copper said.

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