This is a transformational step for Santacruz. Glencore has a lot of problems at the moment, and they don't see these properties as "core" assets, so 'Cruz was able to make a sweet deal here.
I notice it's still halted in Canada; the dealing desks up there must be in a panic as to how they're going to handle this one.
This puts Santacruz almost in the Major Leagues with just this deal. Anything under USD$1 is "cheap".