SANTIAGO, Chile, April 6, 2011 /PRNewswire/ -- Fauve Intertrade Corporation, a global commodities private-equity company, announced today the emergence of their iron ore operations in Chile.
Fauve Intertrade has formed equity partnerships and acquired mining rights with several mines, for the production and distribution of iron ore. Additionally, Fauve has negotiated to acquire and develop several ports in Central and Northern Chile. Fauve plans to capitalize on the global demand of iron ore and supply their joint venture partners and end buyers in the China and Asian market with multi-year contracts.
By the end of 2011, Fauve intends to raise $500 million with an IPO listing for their new Chilean mining and port operations.
Fauve Intertrade Corporation
Office: (919) 882-2092
SOURCE Fauve Intertrade Corporation