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International PBX Ventures Ltd. engages in the acquisition, exploration, and development of mineral properties in Chile. The company explores for copper, molybdenum and gold deposits and owns 100% interests in eight properties comprising 25,000 hectares in Chile. Its principal project is the Copaquire, an advanced staged exploration project of some 2,000 hectares covering a major copper-molybdenum porphyry system located in the prolific copper-molybdenum porphyry belt of northern Chile. This arc-parallel belt includes 30 porphyry Cu-Mo deposits and prospects with the largest amount of copper concentration in the world, totalling about 220 million tonnes of copper. Teck's Quebrada Blanca and Xstrata/Anglo American's Collahuasi mines are within 15 kilometres of the Copaquire property.