CNMC Trade to acquire 100% stake in Brazilian tin mine
2024-11-27 17:02:10 [Print]
On November 26, China Nonferrous Trade Co. Ltd. (CNMC Trade), a subsidiary of China Nonferrous Metal Mining Group Co., Ltd., entered into a binding agreement with Minera Latinoamericana S.A.C., a subsidiary of Peruvian mining company Minsur S.A., to acquire a 100% stake in Brazil-based Mineracao Taboca S.A. for around USD340 million.
Mineracao Taboca owns the Pitinga tin mine in Amazonas state, with a processing capacity of 7 million tonnes of ore per year, and it also operates a tin foundry in Pirapora, Sao Paulo, with an annual production capacity of 7,000 tonnes of grade AAA tin (99.97% grade).
Mineracao Taboca owns the Pitinga tin mine in Amazonas state, with a processing capacity of 7 million tonnes of ore per year, and it also operates a tin foundry in Pirapora, Sao Paulo, with an annual production capacity of 7,000 tonnes of grade AAA tin (99.97% grade).
Tin Ingot 99.95%min EXW China
Unit:RMB/mt
China tin concentrate producers' suspension number statistics by province by month
Unit: pcs
