EXPLORE WHO CORO MINING IS
Coro Mining is a Canadian-quoted copper exploration company focused on exploring and developing new sources of copper to supply an increasing global demand for this essential commodity.
Our vision is to create significant value for our shareholders and stakeholders by realizing the full potential of our flagship Chilean asset Marimaca in Chile’s Antofagasta Region, which has the promise to become one of the most significant copper‐oxide discoveries in recent years.
With a lack of new copper exploration discoveries in Chile the growing Marimaca resource is likely to make it a sought-after development project as it is situated in the coastal belt at low elevation close to Antofagasta and Mejillones. Marimaca would benefit from nearby existing infrastructure including roads, powerlines, ports, a sulphuric acid plant, a skilled workforce and seawater.
Managed by a team of highly experienced professionals in exploration, development, operations and capital markets, Coro is committed to the highest standards of governance, environmental stewardship and corporate social responsibility.
The Company’s shares are quoted on the Toronto Stock Exchange (TSX) under the symbol COP.
Chile is the world’s largest copper producer and exporter, accounting for approximately 20% of annual mine production. Industrial-scale copper production began in the early 1900’s and Chile has since built up an established industrial and commercial infrastructure as it became the world’s leading producer of copper.
This includes significant infrastructure and a copper mining cluster of technical and professional services which Coro will be able to benefit from as it continues to advance its Marimaca project. With the project located in the coastal belt at low elevation close to Antofagasta and Mejillones, its future development would benefit from nearby existing infrastructure including roads, powerlines, ports, a sulphuric acid plant, a skilled workforce and seawater.
Ranked 6th in the 2018 global Overall Investment Attractiveness Index by the Fraser Institute, Chile is one of the world’s low-risk mining jurisdiction with a clear legal framework, a supportive government and administration as well as an abundance of available skills and labor.
A geographically varied country, Chile is rich in mineral deposits, natural forests, sea resources and energy sources. With a population of approximately 18 million, the country is considered South America’s most economically stable and prosperous nation.
Demand for copper is forecast to be strong over the medium to long-term due to population growth, urbanization, electrification and potentially new demand related to an increase in uptake of electric vehicles, electrical vehicle infrastructure and renewable energy technologies. On the supply side, a deficit is forecast in the coming years due to declining production, an absence of new mines coming on stream, the deteriorating quality of new resources and a lack of large-scale exploration successes to replace depleting copper reserves.
Coro’s management believes the Marimaca project has the potential to become one of the most significant open-pittable copper oxide deposits discovered in Chile in recent times and as it advances towards development the project will benefit from these positive supply fundamentals, a consequent improvement in the copper price and copper project valuations.
Objectives & Strategy
Coro Mining is committed to creating value for our shareholders and stakeholders by unlocking the full potential of the Marimaca project. This will be achieved by delivering on our objectives and strategy.
|Ownership||100% ownership across the Marimaca project area||Shift from control to ownership with property stakeholders|
|Resources||Establish resource for oxides and understand potential of sulphides||Phase II exploration program to determine resource and optionality|
|Create and Deliver Value||As the scale of the project is defined, develop plans to optimize the value||Realize geological, geographical, capital and risk premiums|
|Stewardship||Establish a strong social license to operate||Implement high standards of environmental, social responsibility and governance|
Marimaca is an attractive deposit
Copper is the right commodity
Coro set for growth
Coro Mining is managed by a team of highly-experienced professionals in the fields of exploration, development, operations as well as the capital markets.
Strong corporate governance is essential in today’s business environment. Consistent with National Policy 58-201 in Canada, the Board has:
The Company has also adopted the recommendations of Multilateral Instrument 52-110 for Audit Committees and as part of these recommendations has established a whistle-blower policy.
If you have the ambition to grow, if you can overcome challenges, work as a team player, like to contribute new ideas and have a positive attitude, come join us at Coro!
We are a Canadian copper exploration company in Chile that operates with a sustainable mining model, based on the principles of quality, safety and value of people and their ideas.
The Extractive Sector Transparency Measures Act (the Act) was enacted on December 16, 2014, and brought into force on June 1, 2015. The Act delivers on Canada's international commitments to contribute to global efforts to increase transparency and deter corruption in the extractive sector by requiring extractive entities active in Canada to publicly disclose, on an annual basis, specific payments made to all governments in Canada and abroad.
Excerpt from Natural Resources Canada website.
© Copyright Coro Mining 2019