Atlas buys out Carmen unit

Atlas Consolidated Mining & Development Corp.cone crusher model no dmw in south africa, controlled by bookstore magnate Alfredo Ramos, said Friday its board of directors approved the purchase of a 45.54 percent interest in unit Carmen Copper Corp. from its Singaporean partners for $368 million that will give it ownership of the entire company.

Atlas voluntarily suspended trading of its shares at the Philippine Stock Exchange Friday and on June 27 when it will hold a 2 p.m. briefing. “The trading suspension will enable Atlas to provide its shareholders and the investing public with equal opportunity to examine the details of the transaction and to fully appraise their investment position in Atlas shares in light of the transaction,” the mining company said. Atlas partners Casop Atlas Corp and Casop Atlas B.V., units of Crescent Asia Special Opportunities Portfolio (Casop) of Singapore, own significant shares in Carmen Copper, which operates the 1,674-hectare Toledo copper mine complex. Atlas plans to raise...