Barros & Errázuriz advised JX Nippon Mining & Metals Corporation in the sale of 51% of SCM Lumina Copper Chile to the Canadian company Lundin Mining Corporation.

SCM Lumina Copper Chile owns the Caserones mining project, one of the main copper and molybdenum ore deposits in production in Chile.

Our advice involved a multi-disciplinary team that included the participation of the M&A, Mining, Environmental, Labor, Compliance, Tax and Litigation teams in a transaction where JX Nippon Mining & Metals Corporation retained a significant ownership interest in the project.

This transaction is one of the most relevant in the mining industry in recent times, both for the amount involved and for the relevance of the project in terms of production volumes.