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Colombia's Mineros seeks to acquire regional miners

Monday, May 11, 2015

Colombia's biggest gold miner, Mineros, is seeking to expand by buying smaller miners elsewhere in Latin America amid a dearth of big mineral discoveries and growing resistance to extractive industries at home, its outgoing chief executive said.

Mineros, the only miner listed on Colombia's stock exchange, has been looking at projects in Peru, Brazil and Mexico after buying Nicaragua's 75,000 ounce-per-year producer Hemco in 2013 for $95 million, but it has not found a take-over target yet.

Source: Reuters