Volcan Adds Hydro Plant

Volcan Adds Hydro Plant

Peru M&A Canada

Canadian miner Dias Bras Exploration has agreed to sell the Huanchor Hydroelectric power plant to Peruvian miner Volcan Compania Minera for $46.8m. Dias Bras’ subsidiary Minera Corona has signed a memorandum of understanding with Volcan for the sale, the company says. As structured, Dias Bras will receive $24.5m from the sale, in line with its 81.7% stake in Corona. Dias Bras’ core business focuses on Peru’s Yauricocha mine which it will continue to develop using the funds from the sale of the n

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