Who owns NuevaUnión Project (joint venture)

NuevaUnión Project (joint venture) - Profile

NuevaUnión is an undeveloped copper, gold and molybdenum project in the Huasco province of Chile's Atacama Region, covering about 167,646 hectares under 546 exploitation licences and 630 exploration licences. It was created in 2015 when Teck Resources and Newmont agreed to combine two separate porphyry projects sitting roughly 40 kilometres apart: Relincho, a copper molybdenum silver deposit at around 1,500 metres elevation, and El Morro, since renamed La Fortuna, a higher altitude copper gold deposit. The plan set out in the preliminary economic assessment is to mine both and move ore from La Fortuna by conveyor to a single mill and concentrator at Relincho, which the partners argue lowers the environmental footprint and improves economics compared with building the two mines separately. The venture is jointly operated by its two partners and remains in development, with work focused on finding a cost effective path forward acceptable to local communities and the Chilean regulator.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• Newmont Corporation, as of 30 Jun 2026. Carrying value of Newmont's 50% equity-method investment in the NuevaUnión copper-gold development project (Chile) per Note 12 to the Q2 2026 10-Q: $975 million at 30 June 2026 (was $973 million at 31 Dec 2025). Unincorporated joint venture, not share-denominated, so shares is null and target_is_private is true. The identity of the counter-party JV partner is not stated in the sections of the 10-Q and 10-K read for this file. source