Announcements

Guerrero Olivos (Chile) recently advised Compañía Minera del Pacífico S.A. ("CMP") in its investment and finance in connection with the "Productora" copper project (“the Project”).

"Productora" project is a mining project that lies in the center of CMP’s Huasco and Vallenar iron operations at low altitude, approximately 600 km north of Santiago, Chile. Its mineral resource base contains over 1 million tons of copper and 675,000 ounces of gold.

Before the investment, the Project was solely owned by Sociedad Minera El Águila SpA ("SMEA"), a subsidiary of Hot Chili Limited (an Australian ASX listed company). Through the investment CMP acquired 17,5% of the Project, has an option to acquire an additional 32.6% interest (taking CMP to 50.1%) and provide finance to the Project.

Guerrero Olivios advised CMP in every step of the project negotiating, due diligence, investment and finance.

Press Related to this Deal: 

• Diario Pulso: http://www.updatecomunica.cl/imprimir.php?n=78706
• El Mercurio: http://www.updatecomunica.cl/imprimir.php?n=78688
• Revista Minería Chilena: http://www.mch.cl/2015/06/12/cap-logra-acuerdo-con-australiana-para-proyecto-de-us700-millones/#
• Mining press: http://www.miningpress.com.ar/nota/284547/cap---hot-chili-el-acuerdo-para-co-explotacion-de-proyectos-los-planes-
• CAP: http://www.capmineria.cl/cap-mineria-se-integra-a-proyecto-productora/