On the evening of May 8, JCHX Mining Management Co. disclosed an announcement on the progress of the SanMatias copper, gold and silver project. JCHX intends to subscribe for 50% of the equity of CMH, a wholly-owned subsidiary of Cordoba Mining in Colombia, through a wholly-owned subsidiary with a transaction amount of no more than $100 million.
Once the transaction is successfully completed, the company and Cordoba Mining will respectively own 50% of the SanMatias project through CMH, including the Alacran copper-gold-silver mine.
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