trending Market Intelligence /marketintelligence/en/news-insights/trending/itatchluycjy7d58vlcycq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Oroco Resource increasing stake in Santo Tomas copper property in Mexico

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Oroco Resource increasing stake in Santo Tomas copper property in Mexico

Oroco Resource Corp., which has an approximate 13% equity interest in Altamura Copper Corp., secured a definitive option agreement to acquire the rest of the company.

The company said Oct. 9 that it can exercise the option within three years by issuing 39.8 million shares in exchange for the Altamura Copper shares, subject to various conditions including approval from shareholders and the TSX Venture Exchange.

Altamura Copper holds a controlling 65% interest in Xochipala Gold SA de CV, which in turn holds rights to acquire up to a 90% interest in the Santo Tomas copper property in Sinaloa, Mexico.

The registration of Xochipala Gold's concession rights is subject to a legal dispute. Oroco Resource believes the dispute involves an unenforceable judgement and that the concession titles will be registered to Xochipala Gold.

Oroco Resource also agreed to loan Altamura Copper US$600,000, with the 90-day loan bearing interest at a rate of 12% per annum. The company has the right to convert the loan into common Altamura Copper shares at a price of 5.7 cents apiece within six months of the expiry or termination of the option.