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Sprott invests $40M in Chile copper miner

Investment heavyweight Sprott Resource Holdings has demonstrated its bullish outlook on copper, taking a US$39.9 million, 70% stake in a company which owns a Chile copper mine and refining complex previously controlled by Vale.

Sprott invests $40M in Chile copper miner Sprott invests $40M in Chile copper miner Sprott invests $40M in Chile copper miner Sprott invests $40M in Chile copper miner Sprott invests $40M in Chile copper miner

Sprott has taken a majority stake in Minera Tres Valles

The agreement with Vecchiola Group’s SC Minera Tres Valles (MTV), subject to customary conditions, comprises $33.5 million in cash and $6.4 million in Sprott shares.

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