New Pacific Investment Corporation, a subsidiary of New Pacific Investment, is set to acquire private Bolivian mining company Empresa Minera Alcira, in a deal worth $32m. The acquisition will give the Chinese firm access to Bolivia’s vast copper and gold reserves, which are estimated at more than $1tn.
New Pacific Investment Corporation, a subsidiary of New Pacific Investment, is set to acquire private Bolivian mining company Empresa Minera Alcira, in a deal worth $32m. The acquisition's assets include the Silver Sand property, and completion is contingent upon the results of drilling tests carried out by New Pacific, as well as regulatory approval.