Key Environmental Approval for Marimaca Copper
Marimaca Copper Corp. is excited to announce a pivotal achievement concerning its Marimaca Oxide Project (MOD). This project, located in Chile's Antofagasta region, has secured a formal environmental approval known as the Resolución de Calificación Ambiental (RCA). This approval is instrumental as it signifies that the company has successfully passed a critical threshold in its development, moving closer to readiness for construction.
The RCA is a result of extensive environmental evaluations and commitments to social responsibility. Marimaca has invested significant resources into comprehensive environmental studies, social engagement initiatives, and archaeological assessments to ensure that the project aligns with high standards of environmental stewardship and community integration.
Advancing Towards Construction
Following this environmental approval, Marimaca Copper is set to proceed with the next set of necessary permits for construction, known as Sectorial Permits. These permits are crucial for the various stages of construction and operational commencement. The company has already laid down a meticulous plan to advance this phase, with the goal of positioning the Marimaca Oxide Project for construction readiness by the second half of 2026.
Commitment to Responsible Development
Jose Antonio Merino, the Managing Director and CFO of Marimaca Copper, emphasized the company's dedication to adhering to environmental and social standards. He highlighted the robust framework that has been developed for ongoing risk management, ensuring that the project not only meets regulatory requirements but also respects the community and environment.
Merino also expressed gratitude to local and governmental stakeholders for their collaborative efforts during the review process. Building strong relationships with these entities is essential for the ongoing success of the project and future operations.
Reflections on Team Achievements
Hayden Locke, President and CEO of Marimaca Copper, praised the team's hard work that led to this milestone. This achievement reflects years of detailed planning and hard work, showcasing the team's capability and commitment to the responsible development of mining assets.
Locke also mentioned the poignant loss of Colin Kinley, a pivotal supporter of the team’s permitting strategy, during this significant week for the company. The progress in securing environmental approval is regarded as a tribute to Kinley's dedication to the company's mission and vision.
Looking Ahead: Final Investment Decision
With this approval in hand, Marimaca Copper's focus shifts to crucial next steps towards the Final Investment Decision and Project Sanctioning. The team has set an ambitious timeline aiming for full construction readiness by the latter part of 2026.
Additionally, exploration activities at Pampa Medina are ongoing, with promising progress expected to enhance the long-term growth strategy of the company. The company intends to keep stakeholders informed with updates from Pampa Medina, as it remains an essential component of their production goals.
Marimaca is increasingly optimistic about its potential for expansion beyond the 50ktpa of copper output defined in its Definitive Feasibility Study, showcasing an eagerness to explore further opportunities that may arise in the future.
Contact Information
For more details about the Marimaca Oxide Project and the latest updates, please reach out via email or visit our official website.
Contact:
Tavistock
+44 (0) 207 920 3150
Emily Moss / Ruairi Millar
marimaca@tavistock.co.uk
Frequently Asked Questions
What is the Marimaca Oxide Project?
The Marimaca Oxide Project is a copper mining project located in the Antofagasta region of Chile, developed by Marimaca Copper Corp.
What does the environmental approval mean for the project?
The environmental approval allows Marimaca to progress with necessary construction permits, moving towards the construction phase of the project.
When is the construction for the project expected to begin?
Marimaca aims to be construction-ready by the second half of 2026, following the completion of all required permits.
Who are the key members of Marimaca Copper?
Key members include Jose Antonio Merino, Managing Director and CFO, and Hayden Locke, President & CEO, who are both pivotal in guiding the company's strategic direction.
What are the future plans for exploration?
Marimaca continues to explore at Pampa Medina, aiming for expansion beyond the already identified copper production targets, with updates to be shared soon.
