Appian to sell royalty interest in Chile's Caserones copper mine
2021-05-19 13:53:26 [Print]
Appian Capital Advisory in the U.K. has agreed to sell its royalty interest in the Chile-based Caserones copper mine to Nomad Royalty.
Under the deal, Appian will sell a 0.28% net smelter return royalty on the Caserones mine, which is operated by Minera Lumina Copper Chile.
The deal consideration includes $23m in cash to Appian, as well as two million common share purchase warrants of Nomad.
The Caserones mine comprises an open-pit mining operation with a plant equipped to produce copper and molybdenum concentrates from primary sulfides.
It also includes a solvent extraction and electrowinning plant to produce copper cathodes with oxide ore processing, and mixed and secondary sulfides.
Under the deal, Appian will sell a 0.28% net smelter return royalty on the Caserones mine, which is operated by Minera Lumina Copper Chile.
The deal consideration includes $23m in cash to Appian, as well as two million common share purchase warrants of Nomad.
The Caserones mine comprises an open-pit mining operation with a plant equipped to produce copper and molybdenum concentrates from primary sulfides.
It also includes a solvent extraction and electrowinning plant to produce copper cathodes with oxide ore processing, and mixed and secondary sulfides.
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Unit:RMB/mt
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