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South32 Limited completed the acquisition of 13.5% stake in Sierra

South32 Limited agreed to acquire 13.5% stake in Sierra Gorda S.C.M. from Sumitomo Corporation for $660 million on October 14, 2021. ... for a 45% stake being acquired includes $1.4 billion upfront cash payment plus a contingent price-linked consideration component of up to $500 million, payable at threshold copper production …

South32 is frontrunner to buy stake in Chilean copper project

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 ...

South32 to acquire Sumitomo's stake in Chilean …

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 …

Sumitomo to sell Chilean copper mine stakes to South32 …

The Sierra Gorda produced 149,000 tonnes of copper concentrate in the year to March 2021 and plans to produce 180,000 tonnes this year, a spokesperson at Sumitomo Metal said.

Sierra Gorda acquisition complete

We have completed our acquisition of a 45 per cent interest in the Sierra Gorda copper mine in Chile – a high margin operation, with a mine life in excess of 20 years and a reserve of more than 1 billion tonnes.

South32 aims to make a swan from copper's ugly duckling

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 LIMITED (ASX:S32)

Sumitomo sold a 45 percent stake in Sierra Gorda to an Australian mining and metallurgical company for US $ 2.2 billion a few weeks ago.The Sierra Horda open-pit copper and molybdenum mine is located in the Antofagasta area in the Atacama Desert, and was launched in mid-2014.

South32 to acquire 45% interest in Sierra Gorda copper …

South32 Ltd has announced that it 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 via the acquisition of a 45% indirect interest in Sierra Gorda S.C.M. (SGSCM) for an upfront …

SOUTH32 COMPLETES ACQUISITION OF 45% INTEREST …

SOUTH32 COMPLETES ACQUISITION OF 45% INTEREST IN SIERRA GORDA COPPER MINE . South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) is …

South32 to acquire stake in Sierra Gorda copper …

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 …

Quadra FNX and Sumitomo form US$724 million joint …

Sumitomo has a 45% stake in the joint venture; Quadra FNX has 55%. Sierra Gorda is a copper exploration project located in the Atacama Desert, Region II of Chile. ... 25 million lbs of molybdenum ...

Sumitomo sees Ambatovy, Sierra Gorda metal projects turning profitable

Earlier this month, the company projected losses from its Sierra Gorda stake would widen 38 percent to 1.1 billion yen ($10 million) in the year to March 2019, while narrowing about 30 percent ...

South32 acquires 45% stake in Sierra Gord mine for

The Perth-based diversified miner acquired a 45% interest in the Sierra Gorda copper mine for USD1.4 billion cash from Tokyo-based miner and metal smelting firm Sumitomo Metal Mining Co Ltd and ...

South32 to Acquire 45% Stake in Chile's Sierra Gorda From Sumitomo

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...

buys stake in sierra gorda

sumitomo buys 45 stake in sierra gorda. sumitomo buys 45 stake in sierra gorda For each project scheme design, we will use professional knowledge to help you, carefully listen to your demands, respect your opinions, and use our professional teams and exert our greatest efforts to create a more suitable project scheme for you and realize the project …

Beginning of Commercial Production by Sierra Gorda …

Sumitomo Metal Mining Co., Ltd. ("SMM", Head office: Minato-ku, Tokyo; President: Yoshiaki Nakazato) and Sumitomo Corporation ("SC", Head office: Chuo-ku, Tokyo; President: Kuniharu Nakamura) announced that Sierra Gorda SCM (the project company of the Sierra Gorda Copper Mine Project, Head office: Santiago, Chile), which …

South32 to acquire Sumitomo's stake in Chilean copper mine …

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 …

Clean Energy Drives Sumitomo Sale of Chilean Copper Mine Stake

For more than a century, Sullivan & Cromwell's premier Latin America practice and our deep ties to the region have positioned us to advise clients on many of Latin America's most important transactions. In the most recent major deal, we advised long-time clients Sumitomo Metal Mining and Sumitomo Corporation on the sale of …

Opening Ceremony of Sierra Gorda Project in Chile

Sumitomo Metal Mining Co., Ltd. ("SMM", Head office: Minato-ku, Tokyo; President: Yoshiaki Nakazato) and Sumitomo Corporation ("SC", Head office: Chuo-ku, Tokyo; President: Kuniharu Nakamura) announced that Sierra Gorda SCM (the project company of the Sierra Gorda Copper Mine Project, Head Office: Santiago, Chile), which …

INVESTOR PRESENTATION: SOUTH32 TO ACQUIRE A …

45% • 55% • South32 will acquire a 45% interest in Sierra Gorda from Sumitomo Metal Mining • Pro-forma ownership structure (31.5%) and Sumitomo Corporation (13.5%) (collectively Sumitomo) – 45% interest in the Sierra Gorda S.C.M. (SGSCM) (a) incorporated Joint Venture alongside 55% joint venture partner KGHM …

Reviewing its strategic options regarding Sierra Gorda | Sumitomo

Sumitomo Corporation ("SC", Head office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo) and Sumitomo Metal Mining Co., Ltd. ("SMM", Head office: Minato-ku, Tokyo; President: Akira Nozaki) announced that SMM and SC are reviewing their strategic options regarding …

KGHM has no plans to change its stake in Sierra Gorda mine

Investors have been keen for information on KGHM's plans regarding Sierra Gorda mine, its flagship foreign asset, after its Japanese partner Sumitomo Metal Mining put its 45% stake on the block ...

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South32 buys into copper by taking Sumitomo's …

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 …

South32 to acquire interest in Sierra Gorda

We have entered into two binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45 per …

South32 buys 45% stake in Sierra Gorda copper …

Australia's South32 has closed its previously announced acquisition of a 45% stake in the Sierra Gorda copper mine in Chile from Sumitomo Metal Mining and Sumitomo (jointly Sumitomo).

Sumitomo to sell stake in Sierra Gorda copper mine

Japanese miner Sumitomo Metal (TYO: 5713) said on Thursday it was reviewing its strategic options regarding its minority stake in Sierra Gorda copper mine in northern Chile, majority-owned by ...

45% Interest In The Sierra Gorda Copper Mine

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) is pleased to announce that it has entered into two binding conditional agreements with Sumitomo …

INVESTOR PRESENTATION: SOUTH32 TO ACQUIRE A …

45% • 55% • South32 will acquire a 45% interest in Sierra Gorda from Sumitomo Metal Mining • Pro-forma ownership structure (31.5%) and Sumitomo Corporation (13.5%) (collectively Sumitomo) – 45% interest in the Sierra Gorda S.C.M. (SGSCM) (a) incorporated Joint Venture alongside 55% joint venture partner KGHM Polska Miedz, a …

Sierra Gorda acquisition complete

We have completed our acquisition of a 45 per cent interest in the Sierra Gorda copper mine in Chile – a high margin operation, with a mine life in excess of 20 years and a reserve of more than 1 billion tonnes.. Our Chief Executive Officer, Graham Kerr, said our acquisition of an interest in Sierra Gorda was a major milestone for …