Pablo Mir, Alina Bendersky and Francisco Ducci

Bofill Mir counsels Lundin Mining on purchase of stake from JX

Bofill Mir Abogados has counselled Lundin Mining Corporation on the increase of its stake in Caserones to 70% through the purchase of an additional 19% of SCM Minera Lumina Copper Chile, owner of the Caserones copper and molybdenum mine, for USD $350 million, which was paid to the seller JX Advanced Metals Corporation (JX).

Caserones is a major porphyry copper and molybdenum deposit in the Atacama Region in the Andes Mountains of northern Chile, located between the Maricunga and El Indio belts, and forms part of the emerging Vicuña copper district. The operation produces copper and molybdenum concentrates from a traditional open pit mine and a conventional sulphide flotation plant, as well as copper cathodes from a dump leach, solvent extraction and electrowinning plant.

This transaction closed on 2 July, and involved the jurisdictions of Chile, Canada and the US (New York). Cassels Brock & Blackwell acted as advisor to Lundin Mining in Canada, while the sellers were advised by Skadden Arps Slate Meagher & Flom and Barros & Errazuriz (B&E) in the US and Chile, respectively.

B&E’s team included partners Pablo Guerrero, Vicente Cordero and Felipe Allende, as well as associates Magdalena Munita, Vicente Antúnez and Daniela Ahumada.

Bofill Mir’s team was led by partners Pablo Mir (pictured left), Alina Bendersky (pictured centre) and Francisco Ducci (pictured right), with support from senior associate Francisco Miranda, and junior associate Valentina Sherling.

L Giselle Estrada