The mining-specialized firm Global Panduro, controlled by Resource Capital Funds, has completed the purchase of 100% of Cobre Las Cruces from First Quantum Minerals. The operation, initiated in 2025 and now concluded on schedule, solidifies the entry of an investor with extensive international experience in the mining sector.
The new ownership's primary objective is to transform the Sevillian complex, located approximately 20 kilometers northwest of Seville, into a benchmark technological and industrial hub for Andalucía, Spain, and Europe. The aim is to generate skilled employment and foster a local value chain linked to critical raw materials, considered strategic for European industrial autonomy.
Investment focus will be on the development of the Polymetallic Refinery Project, which includes a new underground mine and a state-of-the-art refining facility. This initiative is designed to produce copper, zinc, lead, and silver from primary sulfides and is projected to ensure at least 20 additional years of activity, providing economic stability to the region.
This project has already received recognition from the European Commission, which declared it a European Strategic Project in March 2025, highlighting its importance for the continent's industrial and energy resilience.
“"The closing of this transaction marks the beginning of a new era for Cobre Las Cruces, backed by a leading investor in the global mining industry. Our project – a polymetallic refinery based on cutting-edge technology – holds strategic value recognized by the European Commission, with extraordinary potential for Andalucía and Spain, as well as for the critical materials supply chain in Europe. With RCF as a partner, we have the resources, knowledge, and conviction necessary to fully develop it."
Cobre Las Cruces, which operated from 2009 to 2023 producing high-purity copper cathodes, will transition to a polymetallic production model, enhancing its technological level and expanding the range of metals obtained. The company has also emphasized its territorial commitment, having channeled over 10 million euros into socioeconomic development initiatives through its foundation since 2010.
