Tag: CopperChem

Round Oak Minerals: doing the rounds

Round Oak Minerals: doing the rounds

THE ambitious diversification and rebranding of CopperChem to Round Oak has been no small task. The unlisted subsidiary of Washington H. Soul Pattinson and Company (WHSP) is in the process of establishing itself as an emerging base and precious metals producer, off the back of a series of acquisitions that have expanded its interests past its copper-producing roots to include zinc and gold. In the Past 12 months, the company’s portfolio has grown to include the Jaguar copper-zinc operation in WA, Cloncurry and White Dam gold operations in Queensland and South Australia respectively, and the Stockman and Barbara projects in Victoria and Queensland. In 2018, revenue for the company was at $18.7m, up from $18.4m in the previous year. In...

CopperChem leaps on Jaguar

CopperChem leaps on Jaguar

Image: IGO. BY REUBEN ADAMS INDEPENDENCE Group (IGO) has confirmed an evolving focus on assets “aligned to the emerging super-cycle for energy storage minerals” after announcing the sale of its Jaguar zinc-copper operation in WA to CopperChem for just $73.2m. In June last year CopperChem, a subsidiary of diversified investment house Washington H. Soul Pattinson and Company, also acquired IGO’s Stockman copper-zinc project in north east Victoria for $47.5m. IGO acquired both the Jaguar/Bentley and Stockman assets in a $531m takeover of Jabiru Metals in 2011. $25 million will be paid on completion of the Jaguar transaction – scheduled for 31 May -- and an additional $48.2 million in deferred cash payments. The transition of ownership will...