Peru Miner Seeks Buyer

Peru Miner Seeks Buyer

People Corporate & Sovereign Strategy

Canada-based Chariot Resources, a junior copper miner with operations in Peru, is seeking a buyer for the whole company, CEO Ulrich Rath tells LatinFinance. He explains that the company, which has a market cap of about CAD125m, needs about $740m to build infrastructure at its Mina Justa mine and bring it to production, but that it has not been able to find financing. Rath says a likely buyer could be a larger miner that could bolt-on Chariot to its operations. The executive adds that a financial

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