Cumbres Andinas SA announced that it expects to receive $300 million in funding from Minsur SA.

Cumbres Andinas SA announced that it will raise $300 million in equity financing from existing investor Minsur SA on June 5, 2012. The company will issue common stock to the investor pursuant to the transaction. Upon closing of the transaction, Minsur SA will hold 99.96% stake in the company.