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Chile: Shareate buys from mining service provider Drillco
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The Chinese Shareate Tools will pay $42 million for the Carmona family company that has been manufacturing precision rock drilling tools in Chile since 1982. “The complementarity of capacities between Shareate and Drillco has been evident, and we hope that these synergies will materialize during 2025,” says Trinidad Carmona, Co-CEO of Drillco. The mining boom that is coming, with investments of more than $9 billion by 2025, opened the appetite o…
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