McEwen seeks buyer for Argentine copper asset

May 24, 2013 | 10:03 AM | Barbara O'Donovan

Tags  McEwen Mining, Los Azules, Rob McEwen, copper, Argentina, repatriation, Barbara O'Donovan



NEW YORK — McEwen Mining Inc. is looking to sell its Los Azules copper deposit in Argentina’s San Juan province, but the country is not proving to be attractive to investors, according to chairman, president and chief executive officer Rob McEwen.

The Toronto-based company has been considering selling Los Azules since last year and engaged BMO Capital Markets Corp. to market the asset in January, but interest has been limited. "The lineup at the door isn’t very long," McEwen told AMM in an interview.

There have been a number of site visits by prospective buyers, however, and McEwen hopes to see indicative offers by mid-June.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results