The Chilean company Antofagasta, belonging to the Luksic business group, announced that it acquired 19% of the ownership of the Peruvian mining company through a subsidiary. in an operation aligned with its strategy of prioritizing investments in the American continent.

Antofagasta explained in a statement that, with its own financing, it made transactions in the secondary market to purchase outstanding shares of Compañía de Minas Buenaventura.

“After Buenaventura was informed about Antofagasta’s investment, the parties entered into conversations to develop a collaboration framework for the benefit of Buenaventura”said the Chilean.

READ ALSO | Changes in Petro-Perú: Two directors resign and new general manager is announced

The dialogue includes a proposal for Antofagasta to be represented on the board, he added.

Bonaventure, based in Lima, exploits gold, silver, copper, zinc and lead. In the third quarter it reported sales of US$211.3 million and losses of 28 million.

Among others, it owns 19.58% of the copper deposit green Hilloperated by Freeport McMoRan.



Source link

Leave a Comment

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *