Oct 28 (Reuters) - Newcrest Mining Ltd NCM.AX posted a 21.2% fall in first-quarter gold production on Thursday, but said gold and copper output was expected...

South32 buys stake in KGHM's Chilean mine for $1.55bn. Australia's South32 (ASX, LON, JSE: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned ...

South32 ( OTCPK:SOUHY) agrees to acquire a 45% stake in the Sierra Gorda copper project in Chile from Sumitomo for as much as $2.05B. The Australian miner says it …

By Stuart Condie SYDNEY--South32 Ltd. will pay up to $2.05 billion for a 45% stake in Chile's Sierra Gorda copper mine. The Australian diversified miner on Thursday said it had entered into binding agreements with Sumitomo Metal Mining and Sumitomo Corp. to acquire the interest. It said it would pay $1.55 billion in...

Sumitomo to sell stake in Sierra Gorda copper mine. ... The Asian giant said that selling its 45% holding in the mine was one of the routes to be explored with its financial and legal advisors ...

South32 to Acquire 45% Stake in Chile's Sierra Gorda From Sumitomo. SYDNEY--South32 Ltd. will pay up to $2.05 billion for a 45% stake in Chile's Sierra Gorda …

Australian mining company South32 has signed an agreement with Sumitomo to buy a 45 percent stake in the Sierra Gorda Copper Mine in Chile for $2.05 billion.. The transaction amount include an upfront cash payment of $1.55 billion and a contingent price-linked consideration of up to $500 million, which will be paid at threshold copper production rates and prices in the years 2022-25.

Sierra Gorda will be South32's second-largest deal since it listed in 2015 and will add 70,000 to 80,000 tonnes of copper to its portfolio. South32 buys stake in …

Bloomberg reported on Thursday that Sumitomo was planning to sell its 45% stake in the Chile asset, ... South32 buys Sumitomo's stake in Sierra Gorda for US$1.55B. Copper News. 2.

By Stuart Condie . SYDNEY--South32 Ltd. will pay up to $2.05 billion for a 45% stake in Chile's Sierra Gorda copper mine. The Australian diversified miner on Thursday said it had entered into binding agreements with Sumitomo Metal Mining and Sumitomo Corp. to acquire the interest.

South32 Ltd on Thursday entered into a binding agreement to purchase a 45% stake in the Sierra Gorda copper mine in Chile for an upfront cash consideration of US$1.55 billion.As a result, the Australian diversified miner will now have joint control over the asset alongside a Polish mining group KGHM Polska Miedz.

South32 to buy Sumitomo stake in Sierra Gorda copper mine. Diversified miner South32 is to buy a 45% interest in the Sierra Gorda copper mine in Chile from Sumitomo Metal Mining, the Australian company said on Thursday October 14. The acquisition is consistent with its strategy to reshape South32's portfolio for a low-carbon future, it said ...

Sierra Gorda is a conventional open pit mine. (Credit: KGHM Polska Miedz) Australian mining company South32 has signed an agreement with Sumitomo to buy a 45% stake in the Sierra Gorda copper mine in Chile for $2.05bn. The transaction amount include an upfront cash payment of $1.55bn and a contingent price-linked consideration of up to $500m ...

Australia's South32 (ASX, LON, JSE: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH) for $1.55 billion. Japan's Sumitomo Metal Mining and Sumitomo Corp, which together hold a 45% stake…

Australia's South32 (ASX, LON, JSE: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH) for $1.55 billion. Japan's Sumitomo Metal Mining and Sumitomo Corp, which together hold a 45% stake, had said last year that they were...

Australian mining company South32 has agreed to buy a 45% stake in Chile's Sierra Gorda copper mine, in a deal worth up to $2.05bn, from Japan-based Sumitomo Metal Mining and Sumitomo Corporation. According to the agreement, South32 will purchase a 45% indirect interest in the project company Sierra Gorda SCM (SG SCM).

South32 to Acquire Stake in Sumitomo's Sierra Gorda Copper Mine for $2 Billion, Chile. October 15, 2021. Australian mining company South32 has signed an agreement with Sumitomo to buy a 45 percent stake in the Sierra Gorda Copper Mine in Chile for $2.05 billion. The transaction amount include an upfront cash payment of $1.55 billion and a

SYDNEY--South32 Ltd. (SHTLF) will pay up to $2.05 billion for a 45% stake in Chile's Sierra Gorda copper mine. The Austral... South32 to Acquire 45% Stake in Chile's Sierra Gorda From Sumitomo

Posted by Paul Moore on 14th October 2021 South32 has entered into two binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45% interest in the Sierra Gorda copper mine in Chile's prolific Antofagasta copper region for an upfront cash consideration of $1.55 billion.…

South32 chief executive Graham Kerr believes the unflattering reputation of Chile's Sierra Gorda mine enabled his company to secure a 45 per cent stake in the copper asset at the "cheap ...

South32 has agreed a deal with Sumitomo Metal Mining and Sumitomo Corp for the acquisition of around US$1.5 billion worth of shares in the Sierra Gorda copper mine in Chile. The Japanese sellers, who together hold a 45% stake, had said last year that they were considering exiting the venture, which they own with Polish state-owned miner KGHM ...

Japan's Sumitomo Metal Mining Co Ltd and Sumitomo Corp agreed to sell their stakes in the Sierra Gorda copper mine in Chile to Australian miner …

South32 buys Sumitomo's stake in Sierra Gorda for US$1.55B. South32 is moving into the copper space, paying US$1.55 billion for circa-100,000t …

South32 buys into copper by taking Sumitomo's 45% stake in Sierra Gorda; NEWS ARCHIVE. October 2021; September 2021; August 2021; July 2021; June 2021; May 2021; April 2021; March 2021; February 2021; January 2021; December 2020; November 2020; SEARCH NEWS

SYDNEY--South32 Ltd. will pay up to $2.05 billion for a 45% stake in Chile's Sierra Gorda copper mine. The Australian diversified miner on Thursday said it had entered into binding agreements with Sumitomo Metal Mining and Sumitomo Corp. to acquire the interest. It said it would pay $1.55 billion in cash up-front, plus a contingent price-linked ...

Sumitomo Metal Mining put its stake in Sierra Gorda on the block a year ago. KGHM, a state-backed Polish miner, owns the rest of the project and operates the mine, which last year produced almost ...

Oct. 14, 2021, 01:55 AM. SOUTH32 is to buy a 45% stake in the Sierra Gorda copper mine in Chile after agreeing to pay $2.05bn – its biggest transaction to date, according to a …

The Management Board of KGHM Polska Miedź S.A. („Company") announces that on 7 October 2020 the Management Board of the Company was informed by Sumitomo Metal Mining Co., Ltd., Sumitomo Corporation and SMM Sierra Gorda Inversiones Limitada („Sumitomo") of the planned commencement of the process of sale of Sumitomo's 45% interest in the joint venture company Sierra Gorda …

South 32 (S32) enters two binding conditional agreements with Sumitomo to acquire a 45 per cent interest in the Sierra Gorda copper mine in Chile. To acquire the 45 per cent, the company will pay cash of US$1.55 billion (A$2.1 billion) upfront funded through cash on hand and a debt facility. The Sierra Gorda mine is expected to produce 180,000 ...

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South32 buys into copper by taking Sumitomo's 45% stake in Sierra Gorda Posted by Paul Moore on 14th October 2021 South32 has entered into two binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45% interest in the Sierra Gorda copper mine in Chile's prolific Antofagasta ...