On July 2, 2024, Lundin Mining Corporation (“Lundin Mining”) completed the exercise of its option to acquire an additional 19 percent interest in the issued and outstanding equity of SCM Minera Lumina Copper Chile, which owns the Caserones copper-molybdenum mine located in Chile, from JX Advanced Metals Corporation through a cash payment of US$350 million. Lundin Mining’s ownership of SCM Minera Lumina Copper Chile is now 70 percent.
Lundin Mining is represented internally by Peter Brady (Executive Vice President and General Counsel), and Rashida McLean (Director, Legal).
Cassels Brock & Blackwell LLP acted as external Canadian counsel to Lundin Mining with a deal team that included Alex Pizale (Securities and Mining), and Stefan Politano (Securities and Mining).
Bofill Mir Abogados acted as Chilean counsel to Lundin Mining with a deal team that included Pablo Mir, Francisco Ducci, Francisco Miranda, Alina Bendersky, and Valentina Sherling.
Skadden, Arps, Slate, Meagher & Flom LLP acted as counsel to JX Advanced Metals Corporation with a deal team that included Mitsuhiro Kamiya and Louis Artime.
Barros & Errazuriz Abogados acted as Chilean counsel to JX Advanced Metals Corporation with a deal team that included Pablo Guerrero, Vicente Cordero, Felipe Allende, Carola Trucco, Magdalena Munita, and Vicente Antunez.