New Jersey-based All Grade Mining is a development-stage company focused on the extraction of iron ore and copper from mines located in the Republic of Chile, where the company owns the Salitrosa Iron Ore Mine comprised of 1,831 acres with more than 40 million tons of iron ore reserves.
The company has hired Foreign Commerce Consultative Services, Inc. as general contractor for the site, responsible for hiring adequate professionals to conduct site planning, excavation engineering, material sampling, concentration methodology, environmental impact declaration, and logistics.
HYII is advancing the start of its initial mining operations at the Salitrosa Property, and recently secured a potable water supply for the project through an agreement with Aguas Chanar, S.A., a Chilean company with extensive experience managing sanitation concessions to produce and distribute water as well as collect and treat waste water.
In July HYII took the initial steps to acquire a second mining project in Chile, the Plateada Copper Sulfide Project located approximately 34 miles south east of Ovalle. This project was one of the first pilot programs established by Foreign Commerce as a joint venture with a group of private investors.
Upon successful completion of the project’s initial phase, projections were achieved and HYII says it is ready to move forward and expand its project portfolio.
For more information, visit www.AllGradeMining.com
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