This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Veolia Water Chile And Vapor Procesos Secure Contract With Codelco To Recover Copper At World's Largest Copper-producing Mine

Stocks in this article: VE

PARIS, Sept. 11, 2013 /PRNewswire/ -- Veolia Water Chile and Vapor Procesos, a Chilean solutions provider for copper recovery from mining operations, have secured a contract with Codelco, the world's largest copper producer, to recover copper from tailings pond water at Codelco's El Teniente mine, located 120 km (approximately 75 miles) south of Santiago de Chile. 

Veolia Water Chile and Vapor Procesos established a joint venture called Veolia W Procesos (VWP) to provide metal recovery services to Chile's mining industry.  As part of the new contract, VWP will design, build and begin operation of a new mining effluent processing facility in 2013 at El Teniente mine, the world's largest underground copper mine, under an initial five-year contract. The mine has been operating since 1905 and produces approximately 400,000 metric tons of copper annually.

The new facility will utilize various technologies to treat 3 million cubic meters of water per year (approximately 792 million gallons) and recover a total of approximately 1,680 tons of copper over the contract term, enhancing Codelco's total mine production.

"Vapor Procesos is an excellent partner and together we are proud to bring a proven and sustainable technical solution to Codelco for product recovery," said Steve Hopper, executive vice president, Veolia Water Americas. "The El Teniente mine presents an excellent opportunity to provide a value-creating service that will enhance the company's production, while minimizing the impact on the environment."

The partnership between Veolia Water Chile and Vapor Procesos integrates engineering and operational teams from both companies to deliver a complete solution to Codelco. Several other projects are already being developed through this partnership.

" Veolia Water's expertise in recovering value from wastewater combined with our vast experience in copper recovery from low-grade inflows is a perfect fit for Codelco, and we hope to extend our relationship to other Chilean mining companies," said Alberto Campos, CEO, Vapor Procesos.

The Chilean mining sector offers substantial opportunities for growth given the market needs associated with numerous tailings ponds and existing environmental liability.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs