Hot chili launches new water company - huasco water
Highlights hot chili and its partner, chilean iron ore company compania minera del pacifico (cmp), have established a new water company called "hw aguas para el huasco spa" (huasco water) hot chili holds an 80% interest in huasco water and cmp holds a 20% interest, in-line with the two company's ownership interest in "sociedad minera el Águila spa" (smea), holder of all critical water assets for the development of hot chili's costa fuego copper-gold project in chile transfer of all water assets (maritime water extraction licence, water easements, costal land accesses and second maritime application) from smea to huasco water has commenced huasco water aims to develop a multi-user seawater and desalinated water supply network to supply future water demand for communities, agriculture and new mining developments for the huasco valley region of chile hot chili and cmp underpin huasco water as potential foundation off-takers (hot chili's costa fuego copper project - approx. 700 l/s of future sea water demand and cmp's los colorados iron ore mine - approx.
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