Antofagasta Minerals To Link Up With AngoGold In Colombia

Antofagasta Minerals, part of the Chilean copper mining concern Antofagasta, is to set up a joint venture with South Africa’s AngloGold Ashanti – one of the world’s largest gold producers – to explore and develop copper and gold deposits in Colombia. The Southern Colombia Joint Venture, as it will be called, will see Antofagasta invest up to $8 million in exploration over four years to earn a 50% interest in the joint venture.