On April 17, 2026, China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. (“NFC”), through its wholly owned subsidiary NFC Singapore Pte. Ltd., successfully completed the acquisition of approximately 99.9004% equity interests in Compañía Minera Raura S.A. (“Raura”). The total consideration for the transaction, including equity value and assumed financial debt, is approximately USD 242 million.
NFC has long been engaged in building overseas engineering projects and developing non-ferrous metal mines. Established in 1960, Raura holds key assets located in the polymetallic belt in central Peru, rich in zinc, lead, silver, and copper. Its core assets include the producing Raura mine and supporting hydropower facilities, both endowed with strong resource potential and profitability. This transaction represents an important strategic step for NFC in advancing its global portfolio of high-quality mineral resources and in expanding its core business footprint. Following completion, NFC will leverage its industrial resources and mining expertise to ensure efficient operation of the existing core mining areas, while progressively exploring other mining rights held by the target company to further unlock the project’s potential.
Fangda acted as legal counsel to NFC in this transaction, providing comprehensive cross-border legal services, including structuring advice, multi-jurisdictional legal due diligence, the binding offer letter, negotiation and mark-ups to transaction documents, and assisting with closing including cross-border regulatory approvals. In addition, Fangda assisted NFC in securing acquisition financing from an international syndicate of lenders. Fangda’s services were highly recognised by NFC.
The transaction was led by partners Jie LI and Travis XU, with valuable support from partner Patrick LI. Team members included associates Tracy CAI, Jasrine SUN, and Yuzhuo WU.
