3M Company invests in Chile's Lixivia

theflyonthewall.com

3M, through its New Ventures Business, has invested in Lixivia, a Chilean company that 3M has been working with on an engineering process to increase recuperation of copper sulfurate above levels reached through standard industry applications. Terms of the transaction were not disclosed. “We believe that Lixivia’s innovative technology addresses core issues of mining companies today,” said Stefan Gabriel, president, 3M New Ventures. “This company has the potential to significantly increase miners’ diminished productivity and recover more copper sulfurate, which is a paradigm shift for miners’ operations.”

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