Hot Chili Limited (AU:HCH) has released an update.
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Hot Chili Limited has partnered with Chilean firm CMP to form ‘Huasco Water,’ a joint venture aimed at supplying seawater and desalinated water to Chile’s Huasco Valley region, addressing the area’s significant demand from mining operations and communities. The new venture, where Hot Chili holds an 80% interest, will manage critical water assets for Hot Chili’s Costa Fuego copper-gold project and CMP’s Los Colorados iron ore mine, with discussions for additional off-takers underway. This initiative reflects a broader trend in the Atacama region towards collaborative water infrastructure development for mining, as demonstrated by Antofagasta Minerals’ recent water assets transaction.
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