Sandfire Resources Ltd has acquired the MATSA mining operations in Spain for US$1.865 billion, enhancing its global copper production capacity.
Target Information
Sandfire Resources Ltd (ASX: SFR) is a prominent mining company listed on the Australian Securities Exchange (ASX), primarily focusing on copper and metals critical to the future. Before acquiring MATSA, Sandfire's significant assets included the highly regarded DeGrussa project located in Western Australia and the Motheo project based in Botswana.
The MATSA acquisition involved three underground mining operations and a state-of-the-art central processing facility with a capacity of 4.7 million tonnes per annum (Mtpa), situated in the Iberian Pyrite Belt of Spain.
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Industry Overview in Spain
The mining industry in Spain plays a crucial role in the country's economy, driven by a rich geological landscape that hosts various mineral deposits, including copper, zinc,
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Disclosed details
Transaction Size: $1,865M