Mubadala Investment Company and Trafigura have completed the sale of 100 percent of Spanish mining operation Minas de Aguas Teñidas, Matsa, to the Australian mining and exploration company Sandfire Resources, following receipt of the necessary regulatory approvals. Matsa owns and operates two mines in the municipality of Almonaster La Real and one mine in the province of Huelva, Andalucia. The company’s processing plant has the capacity to process more than 4.4 million tonnes of copper and polymetallic ore per year, said a statement. The sale is the culmination of significant investment in the Matsa mining complex and aligns with Mubadala’s mandate to recycle capital to maximise returns to its shareholder. Mubadala acquired its 50 percent stake in Matsa from Trafigura in 2015.
Mubadala Investment Company and Trafigura have completed the sale of 100 percent of Spanish mining operation Minas de Aguas Teñidas, Matsa, to the Australian mining and exploration company Sandfire Resources, following receipt of the necessary regulatory approvals. Matsa owns and operates two mines in the municipality of Almonaster La Real and one mine in the province of Huelva, Andalucia. The company’s processing plant has the capacity to process more than 4.4 million tonnes of copper and polymetallic ore per year, said a statement. The sale is the culmination of significant investment in the Matsa mining complex and aligns with Mubadala’s mandate to recycle capital to maximise returns to its shareholder. Mubadala acquired its 50 percent stake in Matsa from Trafigura in 2015.
