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SubscribeCuatrecasas has advised CoreX Holding on purchasing South32’s entire shareholding of the Cerro Matoso mine, a Colombian nickel extraction and processing company in Cordoba (Colombia).
This is one of Colombia’s most important transactions in the mining industry, with CoreX Holding acquiring one of the largest active open-cut mines and smelters that produces ferronickel in the country. The transaction positions CoreX as a top-tier supplier to the global nickel industry.
Jaime Moya, partner at Cuatrecasas in the Bogotá office who led the transaction, said: “We are pleased to have assisted CoreX Holding on acquiring Cerro Matoso, a leading company in Colombia and Latin America in nickel production, processing and transformation. This transaction represents a strategic milestone for our client in the mining industry and reflects our commitment to providing value and experience in highly complex transactions in the region.”
CoreX Holding is a highly diversified, vertically integrated, global industrial conglomerate established in 2024 by Robert Yüksel Yildirim after 35 years of his vast industrial, financial and operational experience with the Yildirim Group. This transaction is aligned with CoreX Holding’s plans to grow within the hierarchy of global nickel producers, as the Cerro Matoso mine has been operating for 43 years and is one of Latin America’s main producers of ferronickel, a key metal for manufacturing stainless steel and batteries for electric vehicles.
The Cuatrecasas team advising CoreX Holding was made up of lawyers Jaime Moya, Steffany Serebrenik and Alejandro Manrique (Corporate and M&A); Nicolás Arboleda, María Juliana Perales, Andrea Bocanegra and Sergio Ayala (Oil, Gas and Mining); Manuel Quinche, Camila Orrego, Martín Téllez and Valentina Aldana (Finance); Juan Sebastián Lombana, José Ángel Rueda, Santiago Lázaro and David López (Litigation and Arbitration); Margarita Llorente and Angélica Bernal (Real Estate); Daniel Albornoz and Valentina Bazzani (Labor and Employment); and Manuel Gómez, Carlos Méndez and Felipe Bayona (Energy and Infrastructure).
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