now loading...
Wealth Asia Connect Treasury & Capital Markets Europe ESG Forum TechTalk
Asia Connect / Europe
Sumitomo sells largest mining operation in Bolivia
Vancouver-based San Cristobal Mining enters stock purchase agreement
Michael Marray 8 Mar 2023

Sumitomo Corporation has sold the largest mining operation in Bolivia to Vancouver-based San Cristobal Mining (SCM).

The acquisition was completed under the terms of a stock purchase agreement, which sees SCM acquire all the issued and outstanding shares of Commercial Metales Blancos AB, SC Minerals Bolivia S.R.L, and other subsidiaries which hold all the equity interests in the mine. Watson Farley & Williams advised SCM.

The San Cristobal mine has one of the largest deposits of zinc, lead, and silver in the world and is the largest mining operation in Bolivia. The operation focuses on the production of zinc-silver and lead-silver mineral concentrates.

SCM is a private Canadian mining company with exploration and mining operations as well as financial expertise in the mining industry.

Conversation
Yeoh Teik Leng
Yeoh Teik Leng
head, debt markets group
AmInvestment Bank
- JOINED THE EVENT -
6th Global Islamic Finance Issuers and Investors Leadership Dialogue
Marking time as new opportunities emerge
View Highlights
Conversation
Pradyumna Agrawal
Pradyumna Agrawal
managing director, blockchain investment
Temasek
- JOINED THE EVENT -
In-person roundtable
What next for digital assets
View Highlights
Advertisement