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EMR picks up third copper mine

EMR Capital sees a long-term future in Chile, CEO Jason Chang says, after the group added a third copper operation in 18 months with its deal to buy BHP's Cerro Colorado mine in the country's north.

Tom Azzopardi in Santiago
EMR CEO Jason Chang and chairman Owen Hegarty

EMR CEO Jason Chang and chairman Owen Hegarty

Under the deal, the Melbourne-based private equity firm will pay US$230 million for the mine, plus about $40 million through the sale of copper stockpiled at the operation and up to $50 million in the...

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