Project News

February 01, 2022

Sandfire completes acquisition of MATSA

Sandfire is pleased to advise that it has completed the US$1,865 million acquisition of 100% of the MATSA Mining Complex in south-western Spain.

The formal completion of the transaction follows satisfaction of the outstanding conditions precedent, including Foreign Investment Authority approval in relation to Foreign Direct Investment in Spain and Competition Authority approval in late December 2021.

With the successful completion of the transaction, Sandfire will exercise operational control and economic ownership at MATSA effective from 1 February 2022.

The transformational acquisition, which was announced on 23 September 2021, delivers Sandfire 100% ownership of MATSA, located in the world-class Iberian Pyrite Belt in the Huelva Province of Andalusia in south-western Spain. 

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