Chilean mining company - Compro Virginia in 2014 will invest within the growth of iron ore projects

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Chilean mining firm - Compro Virginia (CAP) will invest $ 650 million this yr to create its domestic iron ore task in Chile . The vast majority of the investment is going to be used to develop both Court (Cerro Negro Norte) undertaking. The mine is located during the Atacama Area of northern Chile . 

The corporation also strategies a whole new task will start in December this 12 months , when . The organization expects to finish the year , when the manufacturing of 15 million plenty of iron ore might be dead , and from the upcoming year is expected to provide 18 million plenty of iron ore. 
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The enterprise is at this time functioning with 4 mining firms to negotiate water provide contracts. The steel manufacturing organization hopes to finish its end of your years when creating located Atacama Area third stage of desalination plants . Following the construction of the gadget to complete its day by day processing capacity is expected to become in no seconds 600 liters . 

The business hopes to have ample water in northern Chile to advance its improvement of four undeveloped iron ore mines. These four mines will incorporate E1 Dover (ElTofo), however the mine has an yearly production of 13.5 million tons of ore potential. But investment in this mine will attain $ 3 billion . 
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The primary two phases of the company's desalination plant is spending a ￡ 400 million . But to guard the water demand Court (CerroNegroNorte) venture. The project will guarantee the company's yearly ore manufacturing by 400 million tons.