buys stake in sierra gorda


Australian miner South32's share soar on Chile mine deal

Australian miner South32 saw its share rise 11.5% in trading on the Australian Securities Exchange after it announced news of a deal to buy a major stake in a Chilean mine for $2bn. South32 will acquire a 45% stake in the Sierra Gorda copper mine …

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South32 buys Sumitomo's stake in Sierra Gorda for US$1.55B ...

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 …

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South32 buys into copper by taking Sumitomo's 45% stake in ...

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 Is Frontrunner To Buy Stake In Chilean Copper ...

South32 has emerged as the frontrunner to buy a 45 per cent stake in a large Chilean copper project, as the world's biggest miners seek to secure more supplies of the metal. The Perth-based company could pay as much as $2bn for the stake in the Sierra Gorda project, according to people with knowledge of the sale process who said there was no ...

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ESG: South32 and Whitehaven Coal show the cost of capital ...

When Graham Kerr's strategy team first brought the idea of buying the Sierra Gorda copper mine ... plenty of miners had passed on the chance to buy a 45 per cent stake in Sierra Gorda …

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Australia's South32 to buy 45% stake in Chilean copper ...

Australian diversified miner South32 Ltd said on Thursday it entered binding agreements to buy a 45% stake in the Sierra Gorda copper mine in …

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

South32 will have joint-control of Sierra Gorda alongside KGHM Polska Miedz, which holds a 55% stake in the project. South32 said it will fund the acquisition with a …

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South32 to buy Sumitomo stake in Sierra Gorda copper mine ...

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 to sell stake in Sierra Gorda - reports - Mining ...

South32 buys Sumitomo's stake in Sierra Gorda for US$1.55B. Buying a stake in historically problematic Sierra Gorda operation in Chile Copper News 14 OCT 2021. Research Reports.

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Two outstanding ASX dividend stocks valued as buys ...

It also announced a proposal to acquire a 45% stake in Sierra Gorda to add copper to its portfolio. Thanks to the many highs of these products, the Goldman Sachs team believes that South32 shares will provide investors with a full-frank dividend yield of over 11% per year over the next five years.

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South32 to Acquire Stake in Sumitomo's Sierra Gorda Copper ...

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 buys 45% stake in Chile copper mine; key things to ...

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.

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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 ...

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South32 is frontrunner to buy stake in Chilean copper ...

South32 has emerged as the frontrunner to buy a 45 per cent stake in a large Chilean copper project, as the world's biggest miners seek to secure more supplies of the metal. The Perth-based company could pay as much as $2bn for the stake in the Sierra Gorda project, according to people with knowledge of …

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Sumitomo to sell Chilean copper mine stakes to South32 for ...

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 …

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South32Sierra Gorda - International Mining 45% …

South32Sierra Gorda 45% ·20211014 South32(),AntofagastaSierra Gorda45%,15.5。

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South32 is frontrunner to buy stake in Chilean copper ...

South32 is frontrunner to buy stake in Chilean copper project. South32 has emerged as the frontrunner to buy a 45 per cent stake in a large Chilean copper project, as the world's biggest miners seek to secure more supplies of the metal. The Perth-based company could pay as much as $2bn for the stake in the Sierra Gorda project, according to ...

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South32 buys $2.8b stake in Chilean copper mine ...

South32 buys $2.8b stake in Chilean copper mine. October 14, 2021 afndaily Business 0. ... Acquisition of a stake in the Sierra Gorda mine comes three weeks after Sandfire Resources acquired a Spanish copper mine and marks the biggest transaction in South32's six-year history.

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South32 buys stake in KGHM's Chilean mine for $1.55bn ...

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 …

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Sierra Gorda Archives - The Northern Miner

South32 buys stake in KGHM Chilean mine for about US$1.55B Australia's South32 (LSE: S32; ASX: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH)…

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

Sumitomo to sell stake in Sierra Gorda copper mine. ... Sierra Gorda is located in the richest copper basin in Chile – the Atacama desert in the Antofagasta region. ... Sibanye-Stillwater buys ...

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South32 buys into copper by taking Sumitomo's 45% stake in ...

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

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 is frontrunner to buy stake in Chilean copper project

South32 has emerged as a front runner to buy a 45% stake in Chile's large copper project as the world's largest miners seek to secure more metal supplies. The Perth-based company said it was uncertain whether the deal would close or another bidder would appear if it could pay $ 2 billion in shares in the Sierra Gorda project.

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Latest News South32 Limited Stock ( SOUHY )

SOUTH32 is to buy a 45% stake in BHPs Chilean copper operations after agreeing to pay $2.05bn its biggest transaction to date, according to a report by the Australian Financial Review (AFR). The acquisition of a stake in the Sierra Gorda mine will be partially funded by a $1bn debt facility and cements CEO Graham [] The post South32 agrees to ...

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South32 is frontrunner to buy stake in Chilean copper ...

South32 has emerged as the frontrunner to buy a 45 per cent stake in a large Chilean copper project, as the world's biggest miners seek to secure more supplies of the metal. The Perth-based company could pay as much as $2bn for the stake in the Sierra Gorda project, according to people with knowledge of […]

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South32 to buy stake in Chilean copper mine in potential ...

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 …

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sumitomo buys 45 25 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 ...

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crusher supplier for quadra sierra gorda chile mersl. One of the key assets of Quadra FNX is the world-class Sierra Gorda project in Chile, About grinding millcrusher supplier for quadra sierra gorda,sumitomo buys 45% stake in sierra gorda. Crusher Supplier For Quadra Sierra Gorda Chile crusher supplier for quadra sierra gorda chile

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Freeport kicks off US$3B smelter build in Indonesia ...

South32 buys Sumitomo's stake in Sierra Gorda for US$1.55B. Copper News. 3. Copper supply growth to weigh on prices, says WoodMac. Copper News. 4. …

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South32 to buy Sumitomo stake in Sierra Gorda mine ...

South32 to buy Sumitomo stake in Sierra Gorda mine. You might notice something different here. As we continue our evolution, and a trial of this website is no longer available. value, quality and a unique, fully customizable view for you. building your view of our data and news on the new platform. In the meantime, learn more about us through ...

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South32 buys stake in KGHM's Chilean mine for $1.55bn ...

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 ...

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South32 agrees to pay $2.05bn for stake in Chile copper mine

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 …

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