Andean Precious Metals has secured a $3 million deal with COMIBOL to purchase up to 250,000 tonnes of oxide material over 25 months. The agreement will enhance their operational capabilities while ensuring compliance with safety and environmental standards. As a major player in Bolivia’s mining sector, this deal strengthens their market position in the extraction of silver and base metals.
Andean Precious Metals, listed on the Toronto Stock Exchange as TSE:APM, has made significant strides by securing a major agreement with COMIBOL, Bolivia’s state-owned mining firm. This arrangement allows Andean to acquire up to 250,000 tonnes of oxide material from its Uyuni mining concession over a 25-month timeframe, for a total of $3 million. The agreement emphasizes adherence to local environmental and safety standards and includes joint verification protocols for both weight and quality, enhancing Andean’s operational scope and market stance in Bolivia.
Andean Precious Metals Corp. specializes in the mining and processing of silver and base metals, primarily in Bolivia. The company operates through its subsidiary, Empresa Minera Manquiri S.A., with a significant focus on mining around Potosí. This recent partnership with COMIBOL is set to strengthen their resource base in an area known for significant mineral extraction, aligning with their operational capabilities and compliance mandates in the country.
In summary, Andean Precious Metals’ agreement with COMIBOL marks a strategic investment in resource acquisition that adheres to critical regulatory standards. This move not only bolsters their operational capabilities but also boosts their market positioning in the Bolivian mining sector. As they continue to develop their mining activities, the company remains focused on environmental and safety compliance, factors that are vital in today’s mining industry.
Original Source: www.tipranks.com
