Fortescue Metals Group (FMG) is interested in starting and executing exploration and mining activities in the Colombian territory in the near future, according to the company. The company is looking for information to begin some exploration works in different locations of the country. The mining company has been submitting numerous applications for weeks for exploration concessions in areas that are prospective copper and gold areas, according to the Colombian National Mining Agency (ANM).
To date, Fortescue has submitted a total of 64 requests for exploration. This strategy is part of an opportunity evaluation program, not only for exploration, but also for production in several countries of South America, the company said.
Some technical and geological analyzes conducted by the staff of Fortescue in its headquarters in Perth, led the team to focus their attention on three countries: Argentina, Colombia and Ecuador.
A total of 32 exploration concessions were awarded in Ecuador and the initial evaluation of the potential for porphyry copper deposits has begun, the company reported.
FMG has also showed a growing interest in some projects under exploration located in the province of San Juan, Argentina. These are Rincón de Araya (copper), Calderón and Calderoncito (copper and gold).