Radar > 217468

Freeport-McMoRan Cooper & Gold could sell Chile-based Minera Candelaria to Magris Resources

Freeport-McMoRan Copper & Gold podría vender la chilena Minera Candelaria a Magris Resources

Intel ID : 217468
Synopsis

US-based mining company Freeport-McMoRan Cooper & Gold could sell Chile-based Minera Candelaria to Magris Resources, a Canada-based private company founded by former CEO of Barrick Gold Corp Aaron Regent.

Since a few months ago, Freeport is analyzing the possibility of selling assets as par of its plan to reduce debt; estimated at some USD 20.900m.
(content in spanish)

La minera estadounidense Freeport-McMoRan Copper & Gold podría vender la compañía chilena Minera Candelaria a la canadiense Magris Resources, empresa privada fundada por el ex presidente ejecutivo de Barrick Gold Corp Aaron Regent.

Desde hace meses, Freeport está evaluando vender activos como parte de su plan para reducir su deuda estimada en alrededor de USD 20.900m.

Intel ID 217468
Value ND
Native Currency US Dollar (USD)
Exchange Rate:
Financial Data - Minera Candelaria
(31 Dec 2013)
Revenue: EUR 1.222,46m
Exchange Rate:
Date
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Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
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Tags

Bidder

Name
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Country
Website
Description

Target

Name
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Country
Website
Description

Seller

Name
Subsector (Old TTR Sectors)
Natural Resources / Mining (Primary)
Primary Sector (TTRSC)
55.05.02 Copper & Cobalt Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Secondary Sectors (TTRSC)
55.05.03 Gold Mining & Refining
55 Raw Materials & Natural Resources / 55.05 Metal & Mineral Resources

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

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potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

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