Copper mine, Chile. Photo: iStock
The transaction involved explanation of multiple tax and legal schemes
March 30, 2020 at 06:33 PM
1 minute read
Latin America Correspondent
Baker McKenzie has advised U.S. mining investor Orion Resources and British investor Audley Capital Advisors on the sale of a 30% stake in a copper mine in Chile’s Atacama region.
Mitsubishi Materials Corp. of Japan bought the stake in the Mantoverde copper mine owned by Mantos Copper Holding SpA for a $263 million equity subscription and a $20 million cash payment upon fulfillment of certain milestones.
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