China’s JCHX buys half of Cordoba’s Alacran project for $100m

TSX-V-listed Cordoba Minerals has partnered with China’s JCHX Mining Management to jointly develop the Alacran project, which is set to be the biggest copper mine Colombia.

JCHX, which is already a 19.9% shareholder in Cordoba, will buy a 50% ownership interest in CMH Colombia for $100-million. CMH will own the Alacran project and will be the joint venture vehicle for Cordoba and JCHX.