Business
Completion of IMZ Acquisition
Completion of IMZ Acquisition.
About this update from Hochschild Mining Plc
[{"type":"text","content":"\n \nRNS Number : 1758W Hochschild Mining PLC 23 December 2013 \n \n\n \n20 December 2013\n \n \nCompletion of Acquisition of Pallancata And Inmaculada Minorities\nHochschild Mining plc (\"Hochschild\" or the \"Company\") is pleased to announce today the completion of the previously announced plan of arrangement to acquire the 40% interests held by International Minerals Corporation (\"IMZ\") in the Pallancata mine and Inmaculada Advanced Project in Peru (the \"Peruvian Assets\", and collectively the \"Acquisition\"). The shareholders of both IMZ and Hochschild voted overwhelmingly in favour of the transaction at meetings of shareholders held on 26 November 2013 and 29 November 2013 respectively. For further details on the transaction, see below and the Company's press release dated 2 October 2013.\n \n \nIgnacio Bustamante, Chief Executive Officer commented:\n\"I am pleased that we have finalised the acquisition of IMZ and, through that, the remaining stakes in both our biggest current cashflow generator and our most exciting project. We are making good progress at Inmaculada with production on track to commence by the end of 2014 and remain convinced that the consolidation of these assets will deliver significant long term value to our shareholders.\"\n \n \n______________________________________________________________________\n \nEnquiries:\nHochschild Mining plc\nCharles Gordon +44 (0)20 7907 2934\nHead of Investor Relations\n \nRBC Capital Markets +1 416 842 7588\nJustin Barr\nTimothy...