Atlas/Carmen

Atlas ups stake in Carmen Copper to 100%

Atlas will make Carmen Copper a 100% subsidiary and plans to induct a new strategic investor after buying out its private equity partner, Casop.
<div style="text-align: left;"> Atlas's copper mine in Lutopan, Philippines </div>
<div style="text-align: left;"> Atlas's copper mine in Lutopan, Philippines </div>
June 27, 2011

Atlas Consolidated Mining and Development will shell out $368 million to make Carmen Copper a wholly owned subsidiary, buying out the 45.54% owned by Casop, its private equity partner.

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