October 3, 2019
Hochschild Mining said it has acquired full ownership of the BioLatanidos rare earth deposit in Chile for $56.3m.
Hochschild initially invested $2.5m last year for 6.2% of BioLatanidos. It has now bought the other 93.8% from a fund managed by the Chilean private equity investor Minería Activa, the London-listed precious metals company said in a statement.
"Although the amount invested represents a small percentage of Hochschild's current precious metal revenue and market capitalisation, it provi
London-listed mining company spends $56.3m to take full control of BioLatanidos from Minería Activa