M&A:Southern Copper Wins Auction..

"Southern Copper Wins Auction For Massive Peru Copper Project."-BanLaw, 3 hrs ago, 20 Feb 2018.

Link: https://www.mining/rio-teck-hudbay-among-bidders-massive-peru-copper-project/

If the link is faulty, please put title etc as above into the search engine.

Highlights:

"An auction for the $2 billion Michiquillay copper project in Peru attracted  1 0 interested parties..."

"..Southern Copper declared the winner."

"Peru is the world*s 2nd biggest copper producer behind Chile."

"..Mineral resources at Michiquillay are estimated at 1.1 billion tonnes of copper with an average  g r a d e   of 0.629% and a c u t- off  of 0.4%."

"Southern Copper won the  t e n d e r  with a proposal  to transfer $400  million  to the govt and pay 3% r o y a l t i e s."

"Michiquillay has arsenic impurities..."

"Southern Copper is controlled by conglomerate Grupo Mexico."

Comment:

Further to Nicholas Mather BBR interview, this further adds to the subject matter he commented on relating to M & A when asked.

So this is the industry*s latest COPPER M & A.

Note the SIZE of Michiquillay vs Alpala, Cascabel [Solgold] as contained in the Maiden Resource Statement of Jan 2018  [ Link: www.solgold.com.au  ]

Peru bordered in the North by Ecuador & Colombia.  Michiquillay is northern Peru. Please check.