We are happy to announce the closing of the acquisition of 51% of the Caserones mining project by our client, Lundin Mining, from JX Metals Corporation, for approximately US$950 million.
Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.
Caserones is a significant porphyry copper-molybdenum deposit in the Atacama Region of the northern Chilean Andean Cordillera, situated between the Maricunga and El Indio belts and is part of the emerging Vicuña copper district. The operation produces copper and molybdenum concentrates from a traditional open pit mine and conventional sulphide flotation plant, as well as copper cathode from a dump leach, solvent extraction, and electrowinning plant.
We would like to thank Lundin Mining for their reliance on Bofill Mir Abogados, our Mining and Natural Resources team who led the transaction and all our members who participated in this transaction so relevant for the development of the mining sector.
