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
Mathew Kathayanat
Mathew Kathayanat
head of product, Asia Pacific securities services
Deutsche Bank
- JOINED THE EVENT -
Webinar
Unlocking the value of automation and AI in asset management
View Highlights
Conversation
Eric Liu
Eric Liu
portfolio manager, Asian credit
BlackRock
- JOINED THE EVENT -
17th Asia Bond Markets Summit - China Edition
Rebalancing in the transition journey
View Highlights