https://www.miningweekly.com
Aluminium|Copper|Exploration|Gold|MSA|PROJECT|System
Aluminium|Copper|Exploration|Gold|MSA|PROJECT|System
aluminium|copper|exploration|gold|msa|project|system

South32 earns majority stake in Minsud’s Argentina subsidiary

8th April 2024

By: Creamer Media Reporter

     

Font size: - +

Diversified miner South32 has earned a majority stake in Minera Sud Argentina (MSA), an indirect subsidiary of TSX-V-listed Minsud that owns and operates the Chita Valley project.

Minsud has issued a 50.1% shareholding in MSA to South32 Aluminium in accordance with an earn-in right from a 2019 agreement between the companies.

South32 has subscribed for MSA shares in consideration for South32's already funded capital contributions to MSA of C$27-million under the earn-in agreement.

Minsud Argentina (MAI) and South32 have entered into a shareholders' agreement to govern the management and operation of MSA, which will include further exploration and, if economically feasible and agreed by the shareholders, the development and exploitation of the Chita Valley project.

The project is a large exploration stage porphyry system with classic alteration features, widespread porphyry-style copper, molybdenum and gold, as well as polymetallic silver, lead and zinc mineralisation.

Following South32's acquisition of a majority shareholding, Ramiro Massa will no longer act as CEO of MSA as he will be focusing on his duties full-time as CEO of Minsud and MAI, which will include supervision of the joint venture on behalf of Minsud and participation on MSA's technical and governance committees.

Edited by Creamer Media Reporter

Comments

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Menar MD Vuslat Bayoğlu
Menar advancing on the manganese front
21st May 2024 By: Martin Creamer
On-The-Air (17/05/2024)
On-The-Air (17/05/2024)
17th May 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.179 0.217s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: