Marimaca Copper, worth some $C457 million ($502 million) on the Toronto Stock Exchange, is marching down the well-trodden path of Canadian mid-cap miners and is seeking a dual listing on the ASX.
Marimaca is preparing to file paperwork for an Australian listing after a 32 per cent share price rally this year. Its flagship asset, the Marimaca copper discovery near Antofagasta in Chile, is far closer to infrastructure like ports, roads and water than most Chilean copper mines. The company hopes to get its feasibility study away by the end of the year.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
