Minsur is a Peru-based mining company engaged in the extraction, foundation and refining of
tin
Tin is a chemical element with the symbol Sn (from la, stannum) and atomic number 50. Tin is a silvery-coloured metal.
Tin is soft enough to be cut with little force and a bar of tin can be bent by hand with little effort. When bent, t ...
and copper. It is also involved in the exploration for new minerals deposits, with a focus on gold, silver, lead, and zinc ores.
The company operates within five areas: mining, maintenance, security and environment, geology and planning and engineering. Minsur distributes its products to Europe, South America, the United States and Canada.
Minsur was founded in 1966 and its headquarters are located in
Lima
Lima ( ; ), originally founded as Ciudad de Los Reyes (City of The Kings) is the capital and the largest city of Peru. It is located in the valleys of the Chillón River, Chillón, Rímac River, Rímac and Lurín Rivers, in the desert zone of t ...
.
Minsur runs 3 operations in Peru:
San Rafael mine
San Rafael mine is a Minsur tin mining operation located in Puno region, Peru. San Rafael is the third largest tin producer worldwide currently producing 12% of the world's tin.
San Rafael concentration plant capacity was expanding from 2,700 to 2 ...
, a tin mine which is third largest tin producer worldwide; Pucamarca, a gold mine; and Pisco smelter and refinery plant.
On 31 January 2014, Minsur raised US$450million through issuance of international bonds,
Bank of America Merrill Lynch
BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill, the stock brokerage and trading plat ...
,
JP Morgan
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the wo ...
and
Scotiabank
The Bank of Nova Scotia (french: link=no, Banque de Nouvelle-Écosse), operating as Scotiabank (french: link=no, Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada ...
were the
Bookrunner In investment banking, a bookrunner is usually the main underwriter or lead-manager/arranger/coordinator in equity, debt, or hybrid securities issuances. The bookrunner usually syndicates with other investment banks in order to lower its risk
In ...
s of the bond. Minsur stated that proceeds of the issuance are used to repay the company $200 million credit facility as well as for capital expenditures and expansion projects.
References
{{IGBVL companies
Companies based in Lima