Naipu Mining Machinery Withdraws from Stake Acquisition in Colombia's Alacrán Mining Project

STRATEGIC MINERALS

Shares of Naipu Mining Machinery fell after the company canceled its acquisition of a stake in CMH Colombia, owner of the Alacrán mine. The withdrawal was due to demands for payment adjustments by Cordoba Minerals, lack of environmental approval, and rising geopolitical risks. Naipu aimed to invest up to USD51.3 million for a 23% stake in Veritas Resources, which was to develop the mine with an estimated total investment of USD420.4 million.

Naipu Mining Machinery Withdraws from Stake Acquisition in Colombia's Alacrán Mining Project

Feb 5, 2026, 6:19 AM

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Naipu Mining Machinery Withdraws from Stake Acquisition in Colombia's Alacrán Mining Project

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