RioSol calls for JV or sale of Peruvian limestone claim
Published: Wednesday, 29 July 2015
Despite being close to a number of large infrastructure projects, which require limestone for cement production, RioSol appears unwilling to develop the project alone. With international mining finance markets in a poor state, a large-scale development such as Montana Gael will be difficult to fund.
Oregon, US-based RioSol SAC LLC and its
Peruvian subsidiary, Compania Minera Rio Sol SAC, have
announced the sale or joint development of an aggregate and
lime-suitable limestone deposit in southern Peru, close to the
country’s Interoceanic Highway.