AquaVenture closes Peruvian acquisition

ADB supplies seawater and desalinated process water to Compañía Minera Miski Mayo SRL (CMMM), which uses the water to operate its Bayovar phosphate mine. The mine is located in North Western Peru approximately 600 miles north of Lima. ADB has the capacity to deliver over 7.9 million gallons per day (GPD) (30 000 m3/d) of seawater to the mine via a 24 mile (39 km) pipeline and 2.7 million GPD (10 400 m3/d) of desalinated process water from a seawater reverse osmosis (SWRO) facility located at the mine site.

Seven Seas Water plans to improve the operating efficiency of the desalination plant, which is expected to lower costs, increase reliability, and provide higher minimum supply volumes to CMMM.

This is Seven Seas Water’s second desalination plant in South America. The acquisition expands Seven Seas Water’s base of facilities that provide Water-as-a-Service (WAAS) solutions to its customers. The aggregate purchase price for the acquisition was approximately US$46 million in cash.

Doug Brown, chairman and CEO of AquaVenture Holdings, said: “As we expand operations to service the mining industry in South America, we believe that our expertise in offering WAAS will greatly contribute to increasing production and capital efficiency in mining. We have had great success providing purified water to our industrial and municipal clients since 2007, and we are confident in our ability to provide the same level of service to the mining sector.”