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24 Sep
15:44

COPPER: Sandfire buys Spanish mines, processing plant for $1.8 billion

Australia-based Sandfire Resources is acquiring a Spanish copper mining complex for $1.865 billion that makes Sandfire one of Australia’s largest copper producers and a bigger global copper player, Kallanish reports. The company is acquiring a 100% stake in Minas De Aguas Tenidas (MATSA)  with its three underground mines that feed a central processing plant that produces 100,000-120,000 tonnes/year of copper equivalent. That plant can process 4.7 millio…
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