Investment Summary

Antofagasta Invests In Minera El Tesoro

On January 4, 2010, Antofagasta invested in metals/mining company Minera El Tesoro

Investment Highlights
  • This is Antofagasta’s 1st transaction in the Metals/Mining sector.
  • This is Antofagasta’s 1st transaction in Chile.

Investment Summary

Date 2010-01-04
Target Minera El Tesoro
Sector Metals/Mining
Investor(s) Antofagasta
Deal Type Stake Purchase

Target

Minera El Tesoro

Las condes,, Chile
Minera El Tesoro, commenced production in 2001 by way of open cut mining and solvent extraction – electrowinning technology and has capacity to produce about 100,000 tonnes of copper cathode annually. Mirador has oxide resources of 32 million tonnes with approximately 330,000 tonnes of contained copper.

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Investor(S) 1

Investor

Antofagasta

London, United Kingdom

Category Company
Founded 1888
Sector Metals/Mining
Employees8,095
Revenue 6.6B GBP (2024)
DESCRIPTION

Antofagasta is a copper mining group with significant by-product production and interests in transport and water distribution. The Group creates value for its stakeholders through the discovery, development, and operation of copper mining operations. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle. Antofagasta was founded in 1888 and is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Chile M&A 1 of 1
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-25 Minera Esperanza and Minera El Tesoro

Antofagasta, Chile

Minera Esperanza and Minera El Tesoro mine with the production capacity of 200,000 tonnes of copper annually and El Tesoro mine with an annual capacity of 90,000 tonnes of copper.

Sell $1.3B