Chilean copper mine to be sold

Photo: Pampa Camarones

Potential deal Chilean open pit copper mine Pampa Camarones has been put up for sale by its owner, the country’s private equity fund Minería Activa. As many as 10 companies from Chile, the US, Asia and other parts of the world are interested in acquiring the Chilean mine, according to the information obtained by local business paper Diario Financiero.

The mine’s owner says Pampa Camarones has an annual production of up to 8,400 tonnes of copper cathodes. Its cathode plant is de-signed to process some 60,000 tonnes of ore per month, according to data released by the company.

“The development of the project up to date has an initial investment of more than US$ 100 million, mainly invested in the Pampa Cama-rones Cathode Plant, and the construction of the Seawater Drive Sys-tem (SIAM),” the mine’s operator said.

Minería Activa bought the plant in 2019. The asset was previously owned by Samsung, but in 2015, the mine declared insolvency.