{"id":63121,"date":"2022-02-02T12:21:48","date_gmt":"2022-02-02T08:21:48","guid":{"rendered":"https:\/\/www.middleeastevents.com\/blog\/?p=63121"},"modified":"2022-02-02T12:21:48","modified_gmt":"2022-02-02T08:21:48","slug":"mubadala-and-trafigura-close-on-sale-of-matsa-mining-operation-in-spain","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/mubadala-and-trafigura-close-on-sale-of-matsa-mining-operation-in-spain\/","title":{"rendered":"Mubadala And Trafigura Close On Sale Of MATSA Mining Operation In Spain"},"content":{"rendered":"<p>Following receipt of the necessary regulatory approvals, Mubadala Investment Company and Trafigura have completed the sale of 100 percent of Spanish mining operation Minas de AguasTe\u00f1idas (MATSA) to the Australian mining and exploration company Sandfire Resources (ASX Ticker: SFR).<\/p>\n<p>MATSA owns and operates two mines in the municipality of Almonaster La Real and one mine in the province of Huelva, Andalucia. The company\u2019s processing plant has the capacity to process more than 4.4 million tonnes of copper and polymetallic ore per year.<\/p>\n<p>The sale is the culmination of significant investment in the MATSA mining complex and aligns with Mubadala\u2019s mandate to recycle capital to maximize returns to its shareholder. Mubadala acquired its 50 percent stake in MATSA from Trafigura in 2015.<\/p>\n<p>Danny Dweik, Head of Industrials at Mubadala said: \u201cMATSA is one of the world\u2019s highest quality copper mines, with a highly skilled and productive workforce. Our concentrated efforts over the past six years have helped to fully realize the potential of this asset by significantly upgrading its standards of technological innovation, increasing its productive capacity and greatly improving its sustainability standards. The company is now well-positioned to benefit from global decarbonization initiatives under Sandfire\u2019s ownership.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-63122\" src=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2022\/02\/MATSA-Image-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2022\/02\/MATSA-Image-300x200.jpg 300w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2022\/02\/MATSA-Image-768x512.jpg 768w, https:\/\/www.middleeastevents.com\/blog\/wp-content\/uploads\/2022\/02\/MATSA-Image-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following receipt of the necessary regulatory approvals, Mubadala Investment Company and Trafigura have completed the sale of 100 percent of Spanish mining operation Minas de AguasTe\u00f1idas (MATSA) to the Australian mining and exploration company Sandfire Resources (ASX Ticker: SFR). MATSA owns and operates two mines in the municipality of Almonaster La Real and one mine [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":63122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/63121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=63121"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/63121\/revisions"}],"predecessor-version":[{"id":63123,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/63121\/revisions\/63123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/63122"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=63121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=63121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=63121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}