Jul 7, 2026 – 10.14amChilean copper player Cobre Limited, capitalised at $319 million on the ASX, was asking fund managers for up to $100 million to lift its stake in the Sierra Atacama mine, a 25,000 tonnes-a-year copper cathode operation.Martin Holland-chaired Cobre may be set to become Australia’s newest copper producer story on the ASX. Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Tribeca-backed Cobre raising $100m to lift stake in flagship copper mine
Cobre, chaired by Martin Holland, had mandated Canaccord Genuity for the deal which would lift the ASX-listed player’s stake in Sierra Atacama to 75 per cent.
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