RE: Very Interesting tweets from XTR just now29 Nov 2021 15:20
The largest property deal over the past two years was announced in September 2021: Sandfire Resources plans to acquire the Minas de Aguas Teñidas SA (MATSA) mining complex in Spain from Mubadala Investment Company and Trafigura for US$1.87bn.
In August 2021, Fortescue Metals acquired a 9.99% interest in Candente Copper for C$1.1mln. Candente owns the Cañariaco Norte project
In August 2021, Glencore acquired a 9.99% interest in Hot Chili for A$14.5mln. Hot Chili is developing the Costa Fuego project.
In May 2021, Rio Tinto acquired an 8% interest in Western Copper and Gold for C$25.6mln. Western Copper is developing the Casino project.
In April 2021, an investor group acquired a 9.1% interest in Solaris Resources from Equinox Gold for US$65m. Solaris has several copper and gold projects in the Americas including La Verde.
In August 2021, Freeport Resources acquired Era Resources operator of the Yandera copper project in PNG for about C$2.6m in shares.
In March 2021, Cyprium Metals acquired a portfolio of copper assets including the Nifty copper mine and the Maroochydore and Paterson exploration projects in Australia, from Metals X for US$46m.
In June 2021, Hongkong Brunp and CATL acquired a 25% interest in Hong Kong company KFM Holding from China Molybdenum for US$138m. KFM Holding holds a 95% stake in the Kisanfu copper and cobalt mine in the DRC. This follows China Moly’s acquisition of Kisanfu mine in December 2020
In July 2020, Zijin Mining acquired a 50% interest in the Julong Copper Company in China for US$548m from three shareholders. Julong Copper owns the Qulong Copper Complex in Tibet
The largest copper company deal in the past two years was the acquisition of KAZ Minerals by Nova Resources for US$6.1bn completed in April 2021.
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