{"id":8324,"date":"2024-04-15T03:40:00","date_gmt":"2024-04-15T03:40:00","guid":{"rendered":"https:\/\/economicherald.net\/?p=8324"},"modified":"2024-04-15T03:40:00","modified_gmt":"2024-04-15T03:40:00","slug":"copper-gold-developer-hot-chili-is-establishing-a-new-company-to-tackle-regional-water-scarcity","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=8324","title":{"rendered":"Copper-gold developer Hot Chili is establishing a new company to tackle regional water scarcity"},"content":{"rendered":"<p>Hot Chili is the only company in the Atacama region holding most necessary permits\/licences to provide desalinated water supply to Huasco valley<br \/>\nHCH has now submitted second maritime concession application to support a potential multi-user, water network for the Huasco valley area<br \/>\nBoth raw seawater and desalinated water could be provided by a potential water network<br \/>\nHCH\u2019s water assets to be transferred to a new, wholly owned water company<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em><\/strong><strong>: Tier 1 copper-gold mine developer Hot Chili is expanding its horizons beyond traditional mining ventures with a focus on water infrastructure in Chile\u2019s Atacama region \u2013 where water scarcity is a major challenge.<\/strong><\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/hot-chili-hch\/\"><strong>Hot Chili (ASX:HCH)<\/strong><\/a> is developing its flagship Costa Fuego copper-gold project, where 24 months of extensive drilling has confirmed the endowment of a 798Mt at 0.45% copper equivalent for 2.9Mt copper, 2.6Moz gold and 12.9Moz silver \u2013 with 68,000t of molybdenum to boot.<\/p>\n<p>While the Costa Fuego project plans to utilise raw seawater, HCH sees an opportunity to build a water company focused on desalination operations along the Huasco coastline where major iron ore and copper mining projects exist and water scarcity is the current reality.<\/p>\n<p>\u00a0<\/p>\n<p>Water network location and significant iron ore and copper projects in the region. Pic supplied: (HCH)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h2><strong>Beyond Costa Fuego: HCH is establishing a water company<\/strong><\/h2>\n<p>Aligning with the Chilean Government\u2019s push for multi-user desalination networks in the Atacama, HCH\u2019s proactive approach positions it to address the critical challenge of water scarcity for new mining projects.<\/p>\n<p>A <a href=\"https:\/\/stockhead.com.au\/resources\/thats-hot-costa-fuegos-indicated-resource-increases-to-798mt-as-hot-chili-prepares-for-pfs-completion\/\"><strong>water supply concept study<\/strong><\/a> released in February confirmed the potential for a large-scale, multi-user desalinated water network serving the entire Huasco Valley.<\/p>\n<p>It\u2019s now submitted a second maritime concession application to establish a multi-user network there and is preparing to transfer its water assets, including permits and land access, to a new water company under its control.<\/p>\n<p>HCH says the application is crucial for developing this large-scale water supply, which aims to deliver up to 3,700L\/s in the long term in the region and is the culmination of over a decade of permitting efforts for HCH\u2019s Costa Fuego project.<\/p>\n<p>\u00a0<\/p>\n<p>Location of the second maritime application for seawater intake and desalination. Pic supplied: (HCH)<\/p>\n<p>\u00a0<\/p>\n<p>Hot Chili executive VP Jos\u00e9 Ignacio Silva says water scarcity is a critical issue for projects in the Atacama, where Costa Fuego is surrounded by existing and potential mine developments.<\/p>\n<p>\u201cHot Chili is the only company holding most of the necessary permits required to provide desalinated water to the Huasco valley \u2013 a prolific region for potential new global copper supply needed to support global electrification and decarbonisation,\u201d Silva says.<\/p>\n<p>\u201cSecuring these assets has involved over a decade of commitment. Socially and environmentally, multiclient and multipurpose water infrastructure is the new reality.\u201d<\/p>\n<p>A water supply business case study is underway and engagement with potential customers, infrastructure partners, and government regulators is ongoing.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Hot Chili, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/copper-gold-developer-hot-chili-is-establishing-a-new-company-to-tackle-regional-water-scarcity\/\">Copper-gold developer Hot Chili is establishing a new company to tackle regional water scarcity<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Hot Chili is the only company in the Atacama region holding most necessary permits\/licences to provide desalinated water supply to Huasco valley HCH has now <a href=\"https:\/\/economicherald.net\/?p=8324\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":8325,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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