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.
Chilean firm Cariola, Diez, Pérez-Cotapos & Cía Ltda is advising the Inter-American Development Bank and European banks in the structuring of a project financing deal for the construction of a port complex in the bay of Mejillones in northern Chile .
The offer, launched on November 21 2000, is for the outstanding shares of two of its distribution subsidiaries, Chilectra and Rio Maipo.
The transaction, which closed on October 23, involved the acquisition of Transelec, a Chilean electricity transmission company, by Canada's Hydro-Québec for US$1.076 billion.
On July 20 the Antitrust Commission approved the sale of Aguas Cordillera, the waterworks subsidiary of Enersis, itself a subsidiary of Spain's Endesa, to Emos for US$185 million.