Chilean steel and iron ore producer CAP has approved $916.5m to develop and expand two iron ore projects. The company will invest $574.5m to develop its Cerro Negro Norte project and $342m to expand its Colorados deposit. In a statement, CAP said the projects will increase output
Chilean steel and iron ore producer CAP has approved $916.5m to develop and expand two iron ore projects.
The company will invest $574.5m to develop its Cerro Negro Norte project and $342m to expand its Colorados deposit.
In a statement, CAP said the projects will increase output capacity to around 17 million tons of iron products from a previous capacity of 11 million tons, reports Reuters.
