Santiago, Chile-based global commodities and private-equity company Fauve Intertrade Corporation announced Wednesday the commencement of their iron ore operations in Chile.
Fauve Intertrade already has formed equity partnerships and acquired mining rights with several mines for the production and distribution of iron ore, and has acquired several ports in Central and Northern Chile, in order to capitalize on the global demand of iron ore.
By year's end, Fauve intends to raise $500 million with an IPO listing for their new Chilean mining and port operations.