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Cyprus to get first new copper mine in decades
October 15, 2021
Venus Minerals and Hellenic Copper Mines have agreed on a partnership for the creation of a copper mine in Apliki, a village in the Nicosia district.
In an announcement released on Tuesday, the two companies stated that they have both signed a binding preliminary agreement for the development of a licensed mine in Apliki, a region with rich copper deposits.
While the project will be managed and spearheaded by Venus Minerals, the two mining companies will have equal stakes in the partnership.