Quadra FNX loses Chinese partner for Sierra Gorda

摘要

A Chinese utility company has walked away from a potential 50-50 joint-venture deal with recently-merged Quadra FNX Mining (qux-t) for its Sierra Gorda copper-gold-molybdenum project and Franke copper mine in northern Chile. State Grid International Development, a subsidiary of State Grid Corp. of China, claimed that Sierra Gorda was too much of a gamble for such a large capital investment because the company doesn't have a construction permit yet.