CST Mining (HKG:0985) receives US$429M from Mina Justa sale


Referring to the disposal of its indirect ownership of 70% of the issued share capital of Marcobre, which is the sole owner of the Mina Justa project, CST Mining Group (HKG:0985) announced that the closing of the transaction took place on 13 June 2012. A sum of US$429.437 million (being the purchase price of US$505 million, plus the cash injection reimbursement amount of US$1.4 million, less the estimate amount of Peruvian capital gains tax of US$76.963 million withheld by the purchaser) in cash was received by the company.

Following the closing, CST Mining Group ceased to have any interest in CST Resources or the Mina Justa project.


2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1