CopperChem Purchase of Jaguar Mine
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McCullough Robertson advised CopperChem, a wholly owned subsidiary of Washington H Soul Pattinson and Company (WHSP), with its binding long form agreements with Independence Group NL (ASX:IGO) for the purchase of the Jaguar mine in Western Australia, an underground high precious metal mine for circa $73 million. Completion of the acquisition took place recently, on 31 May 2018.
This follows on from WHSP, via its subsidiary CopperChem, acquiring the Stockman underground copper-zinc project in north-east Victoria for $47.2 million from Independence Group NL which completed in December last year.
WHSP’s investment portfolio spans telecommunications, building products, natural resources, pharmaceuticals, agriculture and real estate.