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Minsur consolidates Marcobre ownership

Minsur SA said Sept. 29 that it consolidated 100% of the shares of Marcobre SAC, which owns the Mina Justa copper property in southern Peru's Ica region.

Minsur, through its subsidiary Cumbres Andinas SA, acquired Marcobre shares representing 30% of its share capital that were held by KLS Ltd.

The consideration comprises US$60 million upon closing and five tranches of US$5 million apiece per year, starting either 10 days after the Mina Justa property achieves commercial production or Sept. 30, 2023, whichever comes first.