Announced
Financials
Tags
Argentina
copper mine
precious metals
brownfield
Copper
Acquisition
Cross Border
Majority
Infrastructure
Pending
Friendly
Single Bidder
Private
Synopsis
Glencore, a Swiss multinational commodity trading and mining company, agreed to acquire the remaining 56.25% in the MARA Project, a copper project, from Pan American, a mining company based in Canada, for $475m. The Project was first formed through the integration of the Minera Alumbrera plant and mining infrastructure and Agua Rica project in a joint venture between Yamana Gold, Glencore and Newmont in December 2020.
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