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New Deal


Announced

Elim Mining to acquire Sacaton Mine.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Majority

past-producing

Friendly

copper

Private

Acquisition

Single Bidder

United States

General Mining

Infrastructure

Synopsis

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Elim Mining, a private mineral resource company, agreed to acquire Sacaton Mine, a past-producing mine, which will change its name to the Cactus Mine, from the ASARCO Environmental Custodial Trust. Financial terms were not disclosed. "People are the most important resource to Elim and we are thrilled to be joining the people of Pinal County to revitalize this historic site. Our company endeavors to focus on three things: economic development, environmental protection, and community partnerships. While ensuring a thriving surrounding community, another top priority will always be the health and safety of all employees and contractors; this focus is what we call the 'Elim Way'," John Antwi, Elim President and CEO.

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