Announced
Completed
Financials
Tags
General Mining
Friendly
Chile
mining operations
Acquisition
Cross Border
Majority
Private
Completed
Single Bidder
Synopsis
Rio Tinto, a global mining group, completed the acquisition of a 57.74% stake in Agua de la Falda, a mining operations company located in Atacama region in Chile, from Pan American Silver, a mining company based in Canada with operations in Latin America, for $45m. “Copper is critical for the global energy transition, which is at the heart of Rio Tinto’s strategy, and Chile is one of the most important sources of world supply as demand for copper in renewables and electrification grows. Partnerships are essential to find better ways to provide materials the world needs, and we are pleased we can bring our global exploration capability to a joint venture that will be able to access Codelco’s strong local presence and industry expertise," Jakob Stausholm, Rio Tinto CEO.
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