Simsa to seek strategic partners

Peruvian zinc miner San Ignacio de Morococha (Simsa) reported that its board has authorized the company to seek potential strategic partners.

The board unanimously agreed to invite six companies which could be interested in forming strategic partnerships to sign identical confidentiality agreements, and hire an investment bank to oversee the process, Simsa said in a statement.

Once the agreements are in place, due diligence processes will begin under the supervision of the investment bank, the statement said.

Simsa mines at San Vicente in the Chanchamayo area of Junín region in central Peru, where zinc concentrate output reached 17,535t in the second quarter.

Publication: Business News Americas - English News
Provider: Business News Americas
September 1, 2009

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