Investment Summary

Marubeni Invests In Minera Esperanza and Minera El Tesoro

On April 25, 2008, Marubeni invested in metals/mining company Minera Esperanza and Minera El Tesoro from Antofagasta for 1.3B USD

Investment Highlights
  • This is Marubeni’s 1st transaction in the Metals/Mining sector.
  • This is Marubeni’s 3rd largest (disclosed) transaction.
  • This is Marubeni’s 2nd transaction in Chile.

Investment Summary

Date 2008-04-25
Target Minera Esperanza and Minera El Tesoro
Sector Metals/Mining
Investor(s) Marubeni
Sellers(s) Antofagasta
Deal Type Stake Purchase
Deal Value 1.3B USD

Target

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.

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Investor(S) 1

Investor

Marubeni

Tokyo, Japan

Category Company
Founded 1858
Sector Diversified
Employees42,882
Revenue 7.25T JPY (2024)
DESCRIPTION
Marubeni's corporate headquarters in Tokyo, Japan.
Marubeni's corporate headquarters in Tokyo, Japan.

Marubeni is a global trading and investment firm with a diverse range of business interests. Marubeni was founded in 1858 and is based in Tokyo, Japan.


DEAL STATS #
Overall 11 of 65
Sector (Metals/Mining) 1 of 7
Type (Stake Purchase) 5 of 31
Country (Chile) 2 of 4
Year (2008) 3 of 6
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-07 PIC Group Inc

Marietta, Georgia, United States

PIC is an independent provider of services and programs focused on Power Generation and other industrial facilities. PIC’s experiences and capabilities can provide a variety of services to meet US market demand where the existing generation facilities are aging and utilities and IPPs are planning to build new power stations.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-05 Senoko Energy Pte.

Singapore, Singapore

Senoko Energy Pte. Ltd. is one of power generation company in the country. Senoko Energy owns and operates total generation capacity of 3,300MW, which constitutes about 32% of installed generation capacity in Singapore. Electricity generated by SPL is mainly supplied to customers through its wholly owned retail providers.

Buy -

Seller(S) 1

SELLER

Antofagasta

London, United Kingdom

Category Company
Founded 1888
Sector Metals/Mining
Employees7,753
Revenue 6.3B GBP (2023)
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) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Chile) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 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.

Buy -