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Nexa Resources to Sell Morro Agudo Complex in Brazil to Casa Verde in $15.8 Million Deal
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Nexa Resources to Sell Morro Agudo Complex in Brazil to Casa Verde in $15.8 Million Deal
Apr 5, 2024 6:45 AM

09:19 AM EDT, 04/05/2024 (MT Newswires) -- Nexa Resources ( NEXA ) said Friday it has signed a definitive agreement to sell its Morro Agudo mine and open pit complex in Brazil's Minas Gerais state to Casa Verde Holding for 80 million Brazilian reais ($15.8 million).

The Morro Agudo complex includes the Morro Agudo and Ambrosia mines, and the sale does not include the Bonsucesso project, Nexa added.

Casa Verde plans to convert the complex into a limestone manufacturing complex, according to Nexa.

The transaction is expected to close between Q2 and Q3, subject to customary conditions, Nexa said.

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