Noranda buys El Pachón copper deposit

Mining and metals multinational Noranda has acquired the El Pachón copper deposit from Cambior Inc and Minera SA. Noranda acquired 100 per cent of the El Pachón copper deposit by purchasing Cambior’s interests in Pachón SA Minera, an Argentine company, and Pachón Transportes y Servicios Limitada, a Chilean company. In addition Noranda acquired Minera SA’s Panamanian Compañía Minera San José SA, which owned the remaining interests in Pachón and Transportes. The deal was closed on September 28.