· Japan's Sumitomo Metal Mining and Sumitomo Corp have agreed to sell their stakes in Chile's Sierra Gorda copper mine to Australian miner South32 Ltd for about billion.. The Japanese companies, which together hold a 45% stake, had reported last year that they were considering exiting the company, which they own with Polish state miner KGHM.
· South32 ( OTCPK:SOUHY) agrees to acquire a 45% stake in the Sierra Gorda copper project in Chile from Sumitomo for as much as The Australian miner says it .
· Since September 2011, the Sierra Gorda mine has been a joint venture by KGHM International (55 percent), Sumitomo Metal Mining ( percent) and Sumitomo Corporation ( percent). The Sierra ...
· 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
· The Sierra Gorda mine is estimated to hold more than one billion tonnes of coppermolybdenumgold sulphide mineral reserves. Australian mining company South32 has agreed to buy a 45% stake in Chile's Sierra Gorda copper mine, in a deal worth up to, from Japanbased Sumitomo Metal Mining ...
· Japanese miner and smelter Sumitomo Metal Mining is reviewing its strategic options regarding its minority stake in the Sierra Gorda copper mine in northern Chile, majority owned by Polish miner KGHM. The Asian giant announced that selling its 45% holding in .
Sumitomo Metal Mining put its stake in Sierra Gorda on the block a year ago. KGHM, a statebacked Polish miner, owns the rest of the project and operates the mine, which last year produced almost 150,000 tonnes of copper concentrate. The openpit mine is loed in the Atacama Desert in northern Chile, about 60km southwest of the city of Calama.
· Sullivan Cromwell advised Sumitomo Metal Mining Co. Ltd. and Sumitomo Corporation on the deal. Sumitomo Metal Mining Co. Ltd. (SMM) and Sumitomo Corporation (SC) each entered into definitive agreements to sell to South32 Limited their collective 45 percent interest in Sierra Gorda, the operating company for the Sierra Gorda copper mine in Chile's Antofagasta region.
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· Japan's Sumitomo Metal Mining and Sumitomo Corp agreed to sell their stakes in the Sierra Gorda copper mine in Chile to Australian miner South32 Ltd .
· Sumitomo Metal Mining Co., Ltd. announced on the 14th that it will transfer a % stake in the Sierra Gorda copper mine in Chile to the Australian resource company South 32 through its subsidiary. While holding largescale investment projects in copper, nickel, battery materials, etc., it decided to transfer its interests as part of a companywide review of its asset portfolio.
· 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 billion..
· South32 has agreed a deal with Sumitomo Metal Mining and Sumitomo Corp for the acquisition of around US 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 stateowned miner KGHM, after years of losses.
· Sumitomo Metal Mining Co Ltd and Sumitomo Corp have agreed to sell their combined 45% stake in the Sierra Gorda copper mine in Chile to Australian mining company South32 for US billion. South32 has mandated UBS, BoA and Mizuho to arrange a US1 billion acquisition facility.
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· 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 Ltd for billion including net debt adjustment, the companies said on Thursday. The Japanese sellers, who together hold a 45% stake, had said last year that they were considering exiting ...
· 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 The transaction amount include an upfront cash payment of and a contingent pricelinked consideration of up to 500m ...
· Australian mining company South32 has agreed to buy a 45% stake in Chiles Sierra Gorda copper mine, in a deal worth up to, from Japanbased Sumitomo Metal Mining and Sumitomo Corporation. According to the agreement,
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