IFLR1000

Antofagasta $1 billion acquisition of Zaldívar copper mine

1/12/2015
Public acquisition
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$ 1.005 billion

Completed

1/12/2015

Overview:

  • Antofagasta has acquired a 50% stake in the Zaldívar copper mine for $1 billion from Barrick Gold Corporation.
  • The deal has 2.5 million tonnes of untapped reserves.
  • Bofill Mir & Alvarez Jana Abogados (Pablo Mir), Cassels Brock & Blackwell and Clifford Chance advised the acquirer.
  • Carey (Francisco Ugarte) and Davies Ward Phillips & Vineberg advised the seller.

Rani Mehta - Latin America

Jurisdiction:

Chile

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Mining

Firms:
Bofill Mir Abogados

Party: Antofagasta (Acquirer)

Carey

Party: Barrick (Seller)

Cassels Brock & Blackwell

Party: Antofagasta (Acquirer)

Clifford Chance

Party: Antofagasta (Acquirer)

Davies Ward Phillips & Vineberg

Party: Barrick (Seller)

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