Global natural resource-focused private equity fund manager EMR Capital has agreed to acquire Chilean copper mine Cerro Colorado from Australia-based resources company BHP for US$230 million. BHP will receive an additional US$40 million in proceeds from the post-closing sale of Cerro Colorado’s copper inventory, as well as up to US$50 million in future payments, dependent upon copper price performance. The deal, which is subject to closing conditions, is expected to be finalized by the end of 2018.