Ormonde discusses investment in Spanish copper project

Ormonde Mining said this morning it has entered into discussions with a 'major mining company' on investment in its La Zarza project in the Huelva province of southern Spain.

In a statement, the exploration company said the new investor would have the right to earn a 51% stake in La Zarza over a three-year period by spending $7m (€5m) on extended exploration activities.