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New Deal


Announced

Completed

Capstone Mining completed the merger with Mantos Copper in a $3.3bn deal.

Financials

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Transaction Value£2,476m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Merger

Bermuda

Single Bidder

Majority

Copper

Cross Border

copper production

Friendly

Private

Completed

Synopsis

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Capstone Mining, a metals mining company, completed the merger with Mantos Copper, a copper-producing company, in a $3.3bn deal. “I am delighted by the opportunity to lead Capstone Copper at this exciting time and to help deliver on a truly transformational growth story. I am incredibly passionate about helping to build a Canadian-based copper champion from a solid foundation of long-life assets with a strong presence in South America, having spent over ten years of my professional mining career in Chile. Over the past decade, I’ve closely monitored the progress at Santo Domingo and I see meaningful district scale synergies with Mantoverde as well as further expansion opportunities throughout the combined portfolio. I firmly believe that copper is an essential component of the global economy’s transition to net zero, and Capstone Copper will play an important role in its delivery in a sustainable and responsible manner,” John MacKenzie, Mantos Executive Chairman and Founder.

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