Cobre Las Cruces
Cobre Las Cruces S.A.U. operates the Las Cruces open-pit copper mine in Seville province, Spain, producing copper cathode via integrated hydrometallurgical processing. The asset was a wholly-owned subsidiary of First Quantum Minerals Ltd. and was sold to Global Panduro, S.L.U. in December 2025.
- Company typePrivate
- Founded1992
- HeadquartersSevilla, Spain
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Cobre Las Cruces does
Cobre Las Cruces S.A.U. operates the Las Cruces open-pit copper mine in the Seville province of Andalusia, Spain, producing copper cathode through integrated mining and hydrometallurgical processing of the local ore body. Founded in 1992, the complex combines extraction with on-site hydrometallurgical refining rather than concentrating ore for shipment, a structure that captures more of the value chain in-house and reduces logistics dependency for the Seville-area operation.
The asset was held as a wholly-owned subsidiary of First Quantum Minerals Ltd., a publicly-traded Canadian mining group, since prior to 2025. On 23 December 2025, First Quantum announced a binding agreement to divest Cobre Las Cruces to Global Panduro, S.L.U. for total consideration of up to $190 million plus a profitability-linked earn-out, transferring ownership of the mine, its processing facilities, concessions, and the 251-500 employee operating base to a new controlling owner.
As a single-asset commodity producer, the business model is straightforward: extract and process copper ore, sell copper cathode into European commodity markets at prevailing LME-linked prices, and manage operating cost per pound produced. No customer logos, offtake structures, or pricing tiers are disclosed in available sources; the revenue mechanics are therefore inferred from standard industry practice rather than company-specific evidence. The transition to Global Panduro ownership is the dominant recent commercial event and reshapes the strategic direction, capital allocation, and any reinvestment cadence going forward.
Cobre Las Cruces firmographics
Firmographics- Name
- Cobre Las Cruces
- Legal name
- Cobre Las Cruces S.A.U.
- Website
- https://cobrelascruces.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Acquired
- Headcount range
- 251–500 employees
- Short description
- Cobre Las Cruces S.A.U. operates the Las Cruces open-pit copper mine in Seville province, Spain, producing copper cathode via integrated hydrometallurgical processing. The asset was a wholly-owned subsidiary of First Quantum Minerals Ltd. and was sold to Global Panduro, S.L.U. in December 2025.
- Ownership category
- akta.pro rank
Cobre Las Cruces industry classification
Industry- Product category
- Copper Mining
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Metal Mining (1000), Primary Smelting & Refining Of Nonferrous Metals (3330)
- akta.pro primary industry
- Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)
- akta.pro secondary industries
- Copper Hydrometallurgy (Leaching, SX/EW) (IMAKADAD), Copper Concentration (Crushing, Grinding, Flotation) (IMAKADAC)
Keywords
Where Cobre Las Cruces is headquartered
LocationHeadquarters
- HQ city
- Sevilla
- HQ country
- Spain
- HQ region
- Europe
Markets served
Cobre Las Cruces business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure
Cobre Las Cruces product offering
Product offeringCore offering
Cobre Las Cruces operates an open-pit copper mine in the Seville province of Spain. The mining-hydrometallurgical complex extracts and processes copper ore to produce copper cathode through integrated mining and metallurgical activities. The site is recognized for its hydrometallurgical processing approach to copper production.
Product overview
Cobre Las Cruces is a copper mine operation in Spain, part of First Quantum Minerals Ltd. The company operated the Las Cruces open-pit copper mine in the Seville province. According to available sources, First Quantum Minerals announced the sale of its wholly-owned subsidiary Cobre Las Cruces S.A.U. to Global Panduro, S.L.U. for total consideration of up to $190 million plus a profitability-linked earn-out provision.
Differentiator
Problem solved
Functional benefit
Products and services
- Las Cruces Copper Mine
Companies that use Cobre Las Cruces
Customer profileIdeal customer profiles1 record
Cobre Las Cruces technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cobre Las Cruces partnerships and signals
Strategic signalScale indicators1 record
Recent moves2 records
Expansion highlights1 record
Cobre Las Cruces competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key highlights6 records
Customer concentration
Cobre Las Cruces social profiles
Digital presenceCobre Las Cruces financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cobre Las Cruces leadership team
Management profileNumber of profiles
Cobre Las Cruces funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cobre Las Cruces M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cobre Las Cruces
What does Cobre Las Cruces do?
Cobre Las Cruces operates an open-pit copper mine in the Seville province of Spain. The mining-hydrometallurgical complex extracts and processes copper ore to produce copper cathode through integrated mining and metallurgical activities. The site is recognized for its hydrometallurgical processing approach to copper production.
Is Cobre Las Cruces a public or private company?
Cobre Las Cruces is a private company. It is classified as corporate owned and is currently acquired.
When was Cobre Las Cruces founded?
Cobre Las Cruces was founded in 1992. It employs 251 to 500 people.
Where is Cobre Las Cruces based?
Cobre Las Cruces is headquartered in Sevilla, Spain, in the Europe region.
Does Cobre Las Cruces have an API?
No public API is recorded for Cobre Las Cruces.
What industry is Cobre Las Cruces in?
Cobre Las Cruces's product category is Copper Mining. Its primary akta.pro industry code is IMAKADAB, Copper Ore Mining (Open-Pit & Underground), with a secondary code of IMAKADAD, Copper Hydrometallurgy (Leaching, SX/EW). Its NAICS code is 212230 and its SIC code is 1000.