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Cobre Las Cruces Copper Mine Sale

Sector: Metal • Location: Seville, Spain

Source: Mining.com

Project
Planned

First Quantum Minerals agreed to sell the past-producing Cobre Las Cruces copper mine in Spain to Global Panduro, an entity controlled by US private equity firm Resource Capital Funds, for up to $190 million. The transaction aims to free up cash for other priorities and is expected to close in the first half of 2026. The mine includes a high-grade open-pit copper mine and hydrometallurgical plant

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Project Information

4 Q
The project “Cobre Las Cruces Copper Mine Sale” is an infrastructure initiative in the Metal sector, located in Seville, Spain. Taiyo aggregates data on it from Mining.com.

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Description

Description

First Quantum Minerals agreed to sell the past-producing Cobre Las Cruces copper mine in Spain to Global Panduro, an entity controlled by US private equity firm Resource Capital Funds, for up to $190 million. The transaction aims to free up cash for other priorities and is expected to close in the first half of 2026. The mine includes a high-grade open-pit copper mine and hydrometallurgical plant that produced copper cathode from 2009 until 2021 and completed tailings reprocessing from 2021 to 2023.

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