Codelco Eyes $500M Stake In Teck's Quebrada Blanca Copper Mine
Codelco Eyes $500M Stake In Teck's Quebrada Blanca Copper Mine
Chile's state-owned copper giant, Codelco, is considering acquiring a 10% stake in Teck Resources (NYSE:TECK) Quebrada Blanca copper mine from Ecuadorian state mining firm Enami. The deal is valued at around $500 million.
智利國有的銅業巨頭科德爾科(Codelco)，正在考慮從厄瓜多爾國有礦業公司奧納米(Enami)手中收購泰克資源(Teck Resources)Quebrada Blanca銅礦10%的股份。該交易價值約爲5千萬美元。
What Happened: Buying a piece of the Quebrada Blanca mine could boost Codelco's domestic copper output and help Enami fortify its balance sheet.
購買Quebrada Blanca礦山的一部分可能會提高Codelco的國內銅產量，並幫助Enami加強其資產負債表。
A local newspaper, La Tercera, broke the news.
當地報紙《第三者》(La Tercera)爆料。
The Quebrada Blanca mine is located in northern Chile at an elevation of 4,400 meters. Production began in 1994 as an open-pit operation.
Quebrada Blanca礦山位於智利北部海拔4400米處。自1994年以露天採礦方式開始生產。
Teck Resources has been the majority owner since 2007 and holds a 60% stake. Sumitomo Metal Mining (OTC:SMMYY) and Sumitomo Corporation (OTC:SSUMF) together own 30%. Enami retains the remaining 10%.
Teck Resources自2007年以來一直是大部分所有者，持有60%的股份。住友金屬礦業（OTC:SMMYY）和住友商事(OTC:SSUMF)共同擁有30%的股份。Enami保留了剩餘的10%。
Enami, unlike other shareholders, has a non-dilutable stake. That means it retains ownership even if other shareholders increase their investment. Additionally, Enami benefits from preferred dividends on its Series B shares and is not obligated to contribute to future capital expenditures required for mine maintenance or expansion.
與其他股東不同，Enami擁有不可稀釋的股份。這意味着即使其他股東增加投資，它仍然保留所有權。此外，Enami獲得了其b系列股票的優先股息，並不必爲未來礦山維護或擴建所需的資本支出做出貢獻。
Why It Matters: Enami is currently facing financial challenges. The company recorded a loss of $200 million in 2023, a sharp increase from the $78 million loss in 2022. This financial position hinders the development of projects like the Paipote smelter in the northern province of Atacama, which is under pause pending renovations.
爲什麼重要：Enami目前面臨財務挑戰。該公司2023年錄得2000萬美元的虧損，大幅增加2022年7800萬美元的虧損。這種財務狀況妨礙了像位於Atacama北部省的Paipote冶煉廠等項目的開發，該冶煉廠因翻新而暫停。
Based on earnings reports, Quebrada Blanca has significantly contributed to Teck's copper production. In the first quarter of the year, the company's overall copper production surged by 74%, largely due to the ramp-up of the mine's extension. This new area, however, faced delays and cost overruns, finally beginning production three years later than planned and coming in $4 billion over budget. In the first quarter alone, Quebrada Blanca produced 43,300 tons of copper.
根據業績，Quebrada Blanca對Teck的銅產量做出了顯著貢獻。今年第一季度，由於礦山擴建以及新區域的投產使銅產量大幅增長，公司的整體銅產量激增74%。然而，這一新區域面臨延誤和成本超支，終於比計劃晚三年開始生產，超支40億美元。在僅僅一個季度裏，Quebrada Blanca就生產了43,300噸銅。
Acquiring Enami's stake would enhance Codelco's portfolio with a long-life copper asset. The Chilean miner has a long history of collaboration with private entities, including a 49% stake in El Abra through a partnership with Freeport-McMoRan, a 20% stake in Anglo American Sur, and a recent 42.26% share in the Agua de la Falda SA project with Rio Tinto.
收購Enami的股份將使Codelco的投資組合中增加一項長久的銅資產。這家智利礦企歷史悠久，曾與私營企業合作，包括通過與麥克莫蘭銅金的合作持有El Abra 49%的股份，在Anglo American Sur持有20%的股權，在Rio Tinto的Agua de la Falda SA項目中持有42.26%的股份。
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譯文內容由第三人軟體翻譯。