Investment Summary

Sumitomo and Sumitomo Metal Mining Invest In Compañia Minera Teck Quebrada Blanca S.A.

On December 4, 2018, Sumitomo and Sumitomo Metal Mining invested in metals/mining company Compañia Minera Teck Quebrada Blanca S.A. from Teck Resources

Investment Highlights
  • This is Sumitomo’s 4th and Sumitomo Metal Mining’s 1st transaction in the Metals/Mining sector.
  • This is Sumitomo’s 1st and Sumitomo Metal Mining’s 1st transaction in Chile.

Investment Summary

Date 2018-12-04
Target Compañia Minera Teck Quebrada Blanca S.A.
Sector Metals/Mining
Investor(s) Sumitomo
Sumitomo Metal Mining
Sellers(s) Teck Resources
Deal Type Stake Purchase

Target

Compañia Minera Teck Quebrada Blanca S.A.

Iquique, Chile
Compañia Minera Teck Quebrada Blanca S.A. is an open pit operation, which leaches the ore to produce copper cathodes via processing in an SX-EW plant. Copper cathode is trucked to Iquique for shipment to purchasers. Mine personnel live in a camp facility, and the majority commute from large population centres, including Iquique, Arica and Santiago.

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Investor(S) 2

Investor

Sumitomo

Tokyo, Japan

Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5.50T JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


DEAL STATS #
Overall 27 of 45
Sector (Metals/Mining) 4 of 4
Type (Stake Purchase) 7 of 12
Country (Chile) 1 of 2
Year (2018) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Target Intervention AS

Ålgård, Norway

Target Intervention AS is a provider of solutions for improving oil and gas well productivity by real-time monitoring of downhole temperature and pressure. TI has developed disruptive systems designed to enhance the productivity of such challenging oil and gas well operation, and since 2017 has conducted pilot testing at actual production wells.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 M-KOPA Holdings Limited

Nairobi, Kenya

M-KOPA empowers homes and small businesses. It has pioneered and built an advanced pay-as-you-go platform – unlocking solar, information, technology, finance and opportunity for millions of people. M-KOPANET is the company’s industry-leading, patented platform – using telemetry and IoT systems to power connected devices. The customer experience is enabled by analysis of device performance, customer preferences and subscriber payment behavior.

Buy -
Investor

Sumitomo Metal Mining

Tokyo, Japan

Category Company
Founded 1590
Sector Metals/Mining
Employees7,496
Revenue 1.45T JPY (2024)
DESCRIPTION

Sumitomo Metal Mining is actively exploring for mineral resources at points worldwide. Sumitomo Metal Mining was formed in 1590 and is based in Tokyo, Japan.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Stake Purchase) 1 of 1
Country (Chile) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Teck Resources

Vancouver, British Columbia, Canada

Category Company
Founded 1913
Sector Metals/Mining
Employees12,600
Revenue 15.0B CAD (2023)
DESCRIPTION

Teck Resources is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Teck Resources was incorporated in 1913 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 4 of 4
Sector (Metals/Mining) 4 of 4
Type (Stake Purchase) 1 of 1
Country (Chile) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-21 AQM Copper

Toronto, Ontario, Canada

AQM Copper, Inc. is an advanced exploration-stage mining company focused on its 50% interest in the Zafranal copper / gold porphyry project in southwestern Peru. The company has completed an initial resource estimate on Zafranal, and is currently focused on completing preliminary engineering studies and drilling additional target zones.

Buy CA$35M