Mubadala Investment Company and Trafigura confirm the completion of the sale of 100 percent of Minas de Aguas Teñidas  to Australian mining and exploration company Sandfire Resources .This follows receipt of the necessary regulatory approvals.

The sale is the culmination of significant investment in the MATSA mining complex by both Trafigura and Mubadala Investment Company, resulting in a world-class mining asset with a highly experienced workforce.

As part of the sale agreement, Trafigura Group will retain the life of mine concentrate offtake agreement for 100 percent of MATSA offtake, building on Sandfire’s already well-established relationship with Trafigura.

Sandfire has a strong operational base and a clear strategy to grow into an international, diversified and sustainable mining company.