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KPOC to acquire Copper Mining Rights in Chile

Mining News - Published on Tue, 22 May 2018

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Kimberly Parry Organics announced that it is acquiring multiple significant revenue producing copper mining sites in Chile.

The company will be changing its name to KPOC Mining, Inc. to better reflect the public company’s exit from the organic cosmetics marketplace. The company will be acquiring the assets in Chile through its majority owned subsidiary, KPOC Mining Chile. KPOC Chile will also oversee all aspects of the day-to-day operations in South America.

The Company’s transformation to copper mining is a wise one, says Company President, Theodore Collas. “If you want to mine copper, Chile is the world’s most desirable location. The country is rich in untapped deposits.”

In an article on “The World's 20 Largest Copper Mines” 7 of the top 14 mines are all located in Chile.

Meanwhile, KPOC Mining has entered into agreements to purchase 23 copper mining sites in the Republic of Chile. Our geologists have determined that each of mining properties will be highly commercially productive. We believe that development of the first mining site will commence in the first half of 2018, and the remaining sites will be developed over a three- year period. All mining operations will be conducted by KPOC Mining Chile, our Chilean subsidiary.

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Posted By : Rabi Wangkhem on Tue, 22 May 2018
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