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sumitomo buys 45 stake in sierra gorda

South32 buys into copper by taking Sumitomo's 45%

2021-10-14  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 ...

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South32 buys into copper by taking Sumitomo's 45%

2021-10-14  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.

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

2021-10-13  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 copper mine. The Australian ...

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Sumitomo to sell stake in Sierra Gorda copper mine ...

2020-10-8  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 ...

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South32 to buy Sumitomo stake in Sierra Gorda copper

2021-10-15  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 ...

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Sumitomo Metal Decided to Sell Stake in Sierra Gorda ...

2021-10-14  SEATTLE (Scrap Monster): Japanese Sumitomo Metal Mining and Sumitomo Corporation have agreed to sell their stakes in Chile’s Sierra Gorda copper mine. The joint 45% stake held by them will be sold to Australian mining major South32 Ltd for approximately $1.5 billion. The Japanese companies were planning to exit the loss-making joint venture project since last year and were holding ...

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South32 to acquire stake in Sierra Gorda copper mine for ...

2021-10-14  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 ...

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

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.

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Sumitomo to sell Chilean copper mine stakes to South32

2021-10-14  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

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South32 buys Sumitomo's stake in Sierra Gorda for

2021-10-14  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 per annum of

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South32 to acquire Sumitomo’s stake in Chilean copper

2021-10-15  The Sierra Gorda mine is estimated to hold more than one billion tonnes of copper-molybdenum-gold 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 $2.05bn, from Japan-based Sumitomo Metal Mining ...

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Resource Global Network South32 to acquire 45% stake

2021-10-14  Posted at 07:37hin Miningby Jacob Ambrose WillsonShare. 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 ...

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South32 to buy Sumitomo stake in Sierra Gorda copper

2021-10-15  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 ...

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South32 to acquire stake in Sierra Gorda copper mine for ...

2021-10-14  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 ...

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Sumitomo Metal Decided to Sell Stake in Sierra Gorda ...

2021-10-14  SEATTLE (Scrap Monster): Japanese Sumitomo Metal Mining and Sumitomo Corporation have agreed to sell their stakes in Chile’s Sierra Gorda copper mine. The joint 45% stake held by them will be sold to Australian mining major South32 Ltd for approximately $1.5 billion. The Japanese companies were planning to exit the loss-making joint venture project since last year and were holding ...

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

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.

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

2021-10-14  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 ...

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UPDATE 1-Sumitomo to sell Chilean copper mine stakes to ...

2021-10-14  Oct 14 (Reuters) - 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 for around $1.5 billion, the companies said on Thursday. The Japanese sellers, who together hold a 45% stake, had said last year that they were considering exiting the venture ...

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South32 buys Sumitomo's stake in Sierra Gorda for

2021-10-14  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 per annum of

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Sumitomo to sell Chilean copper mine stakes to South32

2021-10-14  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

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South32 to Acquire Stake in Sumitomo's Sierra Gorda

2021-10-15  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.

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South32 to acquire Sumitomo’s stake in Chilean copper

2021-10-15  The Sierra Gorda mine is estimated to hold more than one billion tonnes of copper-molybdenum-gold 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 $2.05bn, from Japan-based Sumitomo Metal Mining ...

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

2021-10-14  SYDNEY--South32 Ltd. (SHTLF) 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 (STMNF) and Sumitomo Corp. (SSUMF) to acquire the interest.

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South32 to acquire stake in Sierra Gorda copper mine for ...

2021-10-14  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 ...

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Resource Global Network South32 to acquire 45% stake

2021-10-14  Posted at 07:37hin Miningby Jacob Ambrose WillsonShare. 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 ...

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Sumitomo Metal Decided to Sell Stake in Sierra Gorda ...

2021-10-14  SEATTLE (Scrap Monster): Japanese Sumitomo Metal Mining and Sumitomo Corporation have agreed to sell their stakes in Chile’s Sierra Gorda copper mine. The joint 45% stake held by them will be sold to Australian mining major South32 Ltd for approximately $1.5 billion. The Japanese companies were planning to exit the loss-making joint venture project since last year and were holding ...

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Sumitomo to exit Sierra Gorda copper mine in Chile The

2021-10-20  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$1.55 billion. South32 has mandated UBS, BoA and Mizuho to arrange a US$1 billion acquisition facility.

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

2021-10-13  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 copper mine. The Australian ...

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UPDATE 1-Sumitomo to sell Chilean copper mine stakes to ...

2021-10-14  Oct 14 (Reuters) - 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 for around $1.5 billion, the companies said on Thursday. The Japanese sellers, who together hold a 45% stake, had said last year that they were considering exiting the venture ...

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South32 Limited agreed to acquire 13.5% stake in Sierra ...

2021-10-14  In addition to the upfront cash consideration, up to $150 million in contingent consideration will be payable if certain copper price and production thresholds are met during the period through to the end of 2025. in a related transaction, South32 Limited will acquire 31.5% stake in Sierra Gorda S.C.M. from Sumitomo Metal Mining Co., Ltd. for ...

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