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Chilean project could make the country a serious supplier of rare earths

RIO DE JANEIRO, BRAZIL - Penco, in the Bíobío region, could be home to one of the world's few rare earth processing plants. Peruvian mining company Hochschild, which controls a deposit of these strategic minerals in the area, announced last week in a prospectus filed with the Toronto Stock Exchange that it is studying this possibility to make the project it developed in Chile even more profitable.

The company, which specializes in precious metals, decided to list its rare earths unit, whose only project is Penco, in Canada, where the mining market is more developed.

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