Australia-based miner Condor Blanco Mines Limited has announced that it is proceeding with the €10 million funding for its Marianas
iron ore mining project in
Chile and the proposed acquisition of the Duel hard
coking coal project in the province of Limpopo in
South Africa.
The acquisition of Duel
coking coal project is subject to a 60-day technical due diligence and the subsequent shareholder approval. Condor expects to complete the drilling and resource definition program in the project in November 2014.