Barros & Errázuriz counsels Camino Minerals Corporation on the mining deal of Cuprum Resources Chile
Barros & Errázuriz (B&E) advised Camino Minerals Corporation, a Canada-based mineral exploration company listed on the TSX Venture Exchange, on its acquisition of Cuprum Resources Chile, a Chilean mining company developing the Puquios open pit copper project in Coquimbo, Chile.
The transaction, valued at US$32,006,190 (CA$45,000,000), was structured as a 50:50 joint venture with Japanese mining firm Nittetsu Mining Co. Ltd. A special purpose vehicle (SPV) was established in Chile to acquire 100% of Cuprum’s shares from Santiago Metals Investment Holdings II SLU and Santiago Metals Investment Holdings II-A LLC, both advised by Denham Capital.The definitive and binding purchase agreement was executed on October 7, 2024, with closing completed on April 16, 2025.
With this acquisition, Camino and Nittetsu now control 100% of Cuprum through the SPV. The deal aims to strengthen Camino’s copper exploration and production strategy, positioning the company as a consolidator in the copper sector. The Camino-Nittetsu partnership brings together expertise in mine building, operations, and capital markets, supporting the development of the Puquios Project and further copper assets in Peru.
The B&E team was led by Felipe Allende Destuet, with support from Vicente Cordero Becker, Tomás Kovacevic, María Luisa Marraccini, Vicente Antúnez Vergara, and Ignacia Domínguez.
Other firms advising on the matter included Cassels Brock & Blackwell (Canadian advisor to Camino, Canadian advisor to Denham Capital and the sellers), Dentons Larrain Rencoret (Chilean advisor to Nittetsu), Guerrero Olivos (Chilean advisor to Denham Capital and the sellers), and Bertrand-Galindo Barrueto Barroilhet (Chilean advisor to Denham Capital and the sellers).
