A year after announcing its intent to sell
the Franke mine in Chile and the Carlota
mine in the western United States,
KGHM has sold the Franke mine. The
subsidiaries of KGHM International Ltd.,
Franke Holdings Ltd. and Centenario
Holdings Ltd., signed an agreement on
April 26 to sell 100% of the shares of
Sociedad Contractual Minera Franke —
owner of the Franke mine in Chile — to
Minera Las Cenizas SA.
The initial negotiated purchase price
was reportedly $25 million. The Franke
Mine is a copper-producing deposit located
in the southern Antofagasta Region
near Taltal. KGHM bought the asset
from the Quadra FNX, a company it acquired
in 2012.
As featured in Womp 2022 Vol 06 - www.womp-int.com