THIS IS AN ARTICLE HCH WILL APPEAR IN SOONER THAN...

THIS IS AN ARTICLE HCH WILL APPEAR IN SOONER THAN LATER

Acknowledge RFC Ambrian
Property Deals
By far the largest property deal announced in 2019 was the purchase of the Chapada
copper-gold mine in Brazil by Lundin Mining from Yamana Gold for US$1.03bn. The
mine has some 3.0Mt of contained copper reserves and resources.
In April 2019, Hudbay Minerals purchased the outstanding 8% interest in Rosemont
for US$75m, an advanced project in its portfolio. However, due to a court ruling in
August 2019 by the US District Court for the District of Arizona, Rosemont has had to
suspend construction activities. Hudbay intends to appeal the decision and is
evaluating options for advancing the project.
In June 2019, Pembridge Resources purchased the Minto mine in Canada from
Capstone Mining for US$20m. The mine currently contains 0.3Mt of copper. Also in
June, Lundin Mining purchased an earn‐in option on the Alaskan copper‐gold
porphyry projects of PolarX for up to US$20m. Lundin Mining has become PolarX’s
largest shareholder owning 14.3% of the company.
In July 2019, Cengiz Holdings (a Turkish conglomerate) purchased the Halilağa
copper-gold project in Turkey from Libertygold (40%) and Teck (60%) for US$55m.
The project currently contains 0.9Mt of copper.