February 25, 2011 - Assignment

Antofagasta Minerals signs copper exploration and investment agreement with Eurasian Minerals

Antofagasta Minerals has entered into a Strategic Alliance and Earn-in Agreement with Eurasian Minerals. The agreement includes Antofagasta entering into a regional strategic exploration alliance, mainly focused on copper and covering most of Sweden, making earn-in commitments on designated projects in the region, and a private placement into Eurasian Minerals.

Antofagasta Minerals is a division of Antofagasta PLC, a Chilean-based copper mining company listed on the London Stock Exchange with interests also in transport and water distribution. Antofagasta also has exploration and evaluation or feasibility programmes in North America, Latin America, Europe, Asia, Africa and Australia.

Antofagasta was advised by Mannheimer Swartling on Swedish law in the transaction. The firm’s team was led by Martin Ericsson, primarily assisted by Patrik Lilieblad, Sigrid Rohdén and Håkan Knutsson. Per Molander and Felicia Terenius advised on environmental and mining matters.