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Sumitomo Buys 45 Stake In Sierra Gorda

Sumitomo Buys 45 Stake In Sierra Gorda

South32 to Acquire Stake in Sumitomos Sierra Gorda

South32 To Acquire Stake In Sumitomos Sierra Gorda

Oct 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 contingent price-linked consideration of up to $500 million, which will be paid at threshold copper production rates and

South32 to acquire Sumitomos stake in Chilean copper

South32 To Acquire Sumitomos Stake In Chilean Copper

Oct 15, 2021 Australian mining company South32 has agreed to buy a 45% stake in Chiles 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.

South32 acquires 45 of the Chilean Sierra Gorda copper

South32 Acquires 45 Of The Chilean Sierra Gorda Copper

Oct 14, 2021 - South32 announced Thursday 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, Chile, for an upfront cash consideration of US$1.55 billion.

South32 to acquire stake in Chilean copper mine for 2bn

South32 To Acquire Stake In Chilean Copper Mine For 2bn

Oct 14, 2021 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 ...

South32 to buy Sumitomo stake in Sierra Gorda mine

South32 To Buy Sumitomo Stake In Sierra Gorda Mine

Oct 14, 2021 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. Main Content (access key s) ... South32 to buy Sumitomo stake in Sierra Gorda mine. Oct 14, 2021 ...

South32 to Acquire 45 Stake in Chiles Sierra Gorda From

South32 To Acquire 45 Stake In Chiles Sierra Gorda From

Oct 13, 2021 South32 to Acquire 45% Stake in Chiles Sierra Gorda From Sumitomo. SYDNEY--South32 Ltd. will pay up to $2.05 billion for a 45% stake in Chiles 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.

Sumitomo to sell Chilean copper mine stakes to South32 for

Sumitomo To Sell Chilean Copper Mine Stakes To South32 For

Oct 13, 2021 Japans Sumitomo Metal Mining and Sumitomo Corp agreed to sell their stakes in the Sierra Gorda copper mine in Chile to Australian miner South32 Ltd for around $1.5 billion, the companies said on ...

Sumitomo to sell Chilean copper mine stakes to South32 for

Sumitomo To Sell Chilean Copper Mine Stakes To South32 For

Oct 13, 2021 Japans 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 Ltd for $1.55 billion including net debt ...

South32 buys Sumitomos stake in Sierra Gorda for

South32 Buys Sumitomos Stake In Sierra Gorda For

Oct 14, 2021 South32 buys Sumitomos stake in Sierra Gorda for US$1.55B. South32 is moving into the copper space, paying US$1.55 billion for circa-100,000t per annum of copper equivalent production through a ...

Resource Global Network South32 to acquire 45 stake in

Resource Global Network South32 To Acquire 45 Stake In

Oct 14, 2021 14 Oct. South32 to acquire 45% stake in Chilean copper mine from Japans Sumitomo. 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 ...

South32 aims to make a swan from coppers ugly duckling

South32 Aims To Make A Swan From Coppers Ugly Duckling

Oct 13, 2021 South32 chief executive Graham Kerr believes the unflattering reputation of Chiles Sierra Gorda mine enabled his company to secure a

South32 pivots towards greener metals with Chile

South32 Pivots Towards Greener Metals With Chile

Oct 15, 2021 The Sierra Gorda stake was bought from Japans Sumitomo Metal Mining and Sumitomo Corporation, and the price included a future sum capped at R500 million over four years linked to production rates and metal prices. The deal would be partially funded with a

Sumitomo to sell stake in Sierra Gorda reports Mining

Sumitomo To Sell Stake In Sierra Gorda Reports Mining

Oct 08, 2020 Sumitomo to sell stake in Sierra Gorda - reports ... Bloomberg reported on Thursday that Sumitomo was planning to sell its 45% stake in the Chile asset, ... CATL to buy Millennial Lithium for C ...

sumitomo buys 45 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 investment value and profit more ...

South32 to Acquire 45 Stake in Chiles Sierra Gorda From

South32 To Acquire 45 Stake In Chiles Sierra Gorda From

Oct 13, 2021 South32 to Acquire 45% Stake in Chiles Sierra Gorda From Sumitomo. SYDNEY--South32 Ltd. will pay up to $2.05 billion for a

South32 to acquire Sumitomos stake in Chilean copper mine

South32 To Acquire Sumitomos Stake In Chilean Copper Mine

Oct 15, 2021 Credit South32. Australian mining company South32 has agreed to buy a 45% stake in Chiles 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.

South32 to Acquire Stake in Sumitomos Sierra Gorda

South32 To Acquire Stake In Sumitomos Sierra Gorda

Oct 14, 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 contingent price-linked consideration of up to $500 million, which will be paid at threshold copper production rates and

South32 to acquire stake in Chilean copper mine for 2bn

South32 To Acquire Stake In Chilean Copper Mine For 2bn

Oct 14, 2021 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, which will be paid at threshold copper production rates and prices in the years 2022-25.

South32 to buy Sumitomo stake in Sierra Gorda copper mine

South32 To Buy Sumitomo Stake In Sierra Gorda Copper Mine

Oct 14, 2021 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 South32s portfolio for a low-carbon future, it said ...

South32 to buy Sumitomo stake in Sierra Gorda copper mine

South32 To Buy Sumitomo Stake In Sierra Gorda Copper Mine

Oct 14, 2021 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 South32s portfolio for a low-carbon future, it said, producing materials

South32 to acquire Sumitomos stake in Chilean copper

South32 To Acquire Sumitomos Stake In Chilean Copper

Oct 15, 2021 Australian mining company South32 has agreed to buy a 45% stake in Chiles 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, Read Full Story on mining-technology.com.

Australian Miner Places 2 Billion Copper Bet on Green

Australian Miner Places 2 Billion Copper Bet On Green

Oct 14, 2021 The Australia-based mining companywhich has assets in the U.S. and Brazil, among other placeson Thursday said it would buy a 45% stake in the Sierra Gorda copper mine in the Antofagasta ...

South32 to buy stake in Chilean copper mine in potential

South32 To Buy Stake In Chilean Copper Mine In Potential

Oct 14, 2021 South32 (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 will pay $1.55B in cash...

Sumitomo Metal Mining Sumitomo Corp may sell Chile

Sumitomo Metal Mining Sumitomo Corp May Sell Chile

Oct 09, 2020 Oct 9, 2020 453AM EDT. Japans Sumitomo Corp and Sumitomo Metal Mining Co Ltd are considering selling their stakes in Sierra Gorda copper mine in Chile alongside other options, Sumitomo Corp said ...

South32 taps UBS BoA Mizuho to fund Sierra Gorda

South32 Taps Ubs Boa Mizuho To Fund Sierra Gorda

Oct 14, 2021 South32 is understood to have blown its competitors out of the water to buy a 45 per cent stake in the Sierra Gorda copper mine in Chile. ... for the stake in the mine owned by Japans Sumitomo ...

Sumitomo President Hyodo Speaks at 2021 Hiroshima

Sumitomo President Hyodo Speaks At 2021 Hiroshima

Oct 08, 2021 10/14. South32 Limited agreed to acquire 13.5% stake in Sierra Gorda S.C.M. from Sumitomo Corp.. CI. 10/13. South32 to Acquire 45% Stake in Chiles Sierra Gorda From Sumitomo. DJ. 10/08. SUMITOMO President Hyodo Speaks at 2021 Hiroshima Business Forum for Global Peace. PU.

South32 News Headlines S32 Share News Financial News

South32 News Headlines S32 Share News Financial News

(Alliance News) - South32 Ltd on Thursday announced plans to buy a 45% interest in the Sierra Gorda, a long-life copper mine in Chile, for USD1.55 billion.

Polish copper giant KGHMs partner may The First News

Polish Copper Giant Kghms Partner May The First News

Oct 08, 2020 Since September 2011, the Sierra Gorda mine has been a joint venture by KGHM International (55 percent), Sumitomo Metal Mining (31.5 percent) and Sumitomo Corporation (13.5 percent). The Sierra Gorda open-pit copper and molybdenum mine in Chile is a mining project with a long-term operational perspective, which was launched in June 2014.

South32 SOUHY Stock Price Quote News Robinhood

South32 Souhy Stock Price Quote News Robinhood

South32 to Acquire 45% Stake in Chiles Sierra Gorda From Sumitomo By Stuart Condie SYDNEY--South32 Ltd. will pay up to $2.05 billion for a 45% stake in Chiles Sierra Gorda copper mine. The Australian diversified miner on Th

South32 is frontrunner to buy stake in Chilean copper project

South32 Is Frontrunner To Buy Stake In Chilean Copper Project

Oct 12, 2021 South32 has emerged as the frontrunner to buy a 45 per cent stake in a large Chilean copper project, as the worlds biggest miners seek to secure more supplies of the metal. The Perth-based company could pay as much as $2bn

South32 Is Frontrunner To Buy Stake In Chilean Copper

South32 Is Frontrunner To Buy Stake In Chilean Copper

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 150,000 tonnes of copper concentrate. The open-pit mine is located in the Atacama Desert in northern Chile, about 60km south-west of the city of Calama.

South32 ASXS32 to buy 45pc interest in Sierra Gorda for

South32 Asxs32 To Buy 45pc Interest In Sierra Gorda For

Oct 14, 2021 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 ...

South32 to buy Sumitomo stake in Sierra Gorda copper mine

South32 To Buy Sumitomo Stake In Sierra Gorda Copper Mine

South32 to buy Sumitomo stake in Sierra Gorda copper mine October 15, 2021 / www.metalbulletin.com / Article Link 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.

Receipt of information on the commencement by KGHM

Receipt Of Information On The Commencement By Kghm

Oct 07, 2020 The Management Board of KGHM Polska Mied 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 Sumitomos 45%

South32 agrees to pay 205bn for stake in Chile copper mine

South32 Agrees To Pay 205bn For Stake In Chile Copper Mine

Oct 14, 2021 Oct. 14, 2021, 0155 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

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