M&A Deal Summary

Xiana Acquires Minera Altos de Punitaqui

On November 13, 2018, Xiana acquired metals/mining company Minera Altos de Punitaqui from Glencore

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

M&A Deal Summary

Date 2018-11-13
Target Minera Altos de Punitaqui
Sector Metals/Mining
Buyer(s) Xiana
Sellers(s) Glencore
Deal Type Divestiture

Target

Minera Altos de Punitaqui

Ovalle, Chile
Formed in 2010, Minera Altos de Punitaqui Limitada is a copper and gold mining company based in Ovalle, Chile.

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Buyer(S) 1

Buyer

Xiana

Vancouver, British Columbia, Canada

Category Company
Founded 1981
Sector Metals/Mining
Revenue 32M USD (2019)
DESCRIPTION

Xiana is a copper-gold mining company based in Vancouver, British Columbia. Xiana was founded in 1981 and is based in Vancouver, Canada.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Chile M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Glencore

Baar, Switzerland

Category Company
Founded 1974
Sector Metals/Mining
Employees84,146
Revenue 230.9B USD (2024)
DESCRIPTION

Glencore is a provider of physical commodities, including energy (oil and coal), base metals, soft commodities, and agriculture to industrial consumers. These commodities originate from Glencore's directly or indirectly owned production assets or are secured by Glencore from third parties. Glencore also provides financing, logistics, and other supply chain services to producers and consumers of commodities. Glencore was founded in 1974 and is based in Baar, Switzerland.


DEAL STATS #
Overall 6 of 8
Sector: Metals/Mining M&A 1 of 2
Type: Divestiture M&A Deals 6 of 8
Country: Chile M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-20 Glencore Rail Pty

Sydney, Australia

GRail’s coal haulage business was established in 2010 as an alternative rail service provider to the incumbent railroads in the Hunter Valley and has grown to be the third largest coal haulage business in Australia. GRail since inception and presently provides haulage and logistics services for approximately 40 million tonnes per year of steam coal that is among the lowest cost and highest quality coal in the world.

Sell AU$1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Gaspe Copper Mine

Murdochville, Quebec, Canada

Gaspe Copper Mine is a provider of copper concentrate continuously from 1955 until the closure of the mine in 1999. Gaspe Copper Mine is based in Murdochville, Quebec.

Sell $25M