María Paz Pulgar

Guerrero Olivos in sale of Austral Exploraciones’ projects to Nobel Resources

Guerrero Olivos has advised Austral Exploraciones in the negotiation and signing of option contracts for the sale of 100% of the Cuprita, Janett, Pampa Austral and Anais mining projects to Nobel Resources Corporation.

Nobel Resources, a Canadian company, acted through its subsidiary Mantos Grandes Resources Chile.

The projects sold are located in a highly developed mining region north of Copiapó, surrounded by many of the world’s leading companies in the copper mining business. Nobel Resources chose these mining projects after evaluating numerous mining projects in South America for their high geological potential, increasing the company’s presence and investments in Chile.

The transaction was completed on 3 January for USD$5,810,000 + 2% NSR royalty.

Marinovic & Alcalde Abogados also advised on the transaction through partner Alberto Polette.

Guerrero Olivos’ team was led by partner María Paz Pulgar (pictured), with support from associate Ignacio Aswani.

L Giselle Estrada

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