ELKO - Quadra FNX Mining Ltd. announced the company has entered into a joint venture agreement with Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp. to develop the Sierra Gorda

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 …

South32 (ASX, LON, JSE: S32) has completed the acquisition of a 45% stake in Sierra Gorda copper mine in Chile from Japan's Sumitomo Metal Mining and Sumitomo Corp. for $1.4 billion cash. The ...

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 ...

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 …

South32 completes Sierra Gorda stake buy, Comes in popular gauges including 22 Gauge (8 yards), 24 Gauge (10 yards), 18 Gauge (4 yards) and 28 Gauge (15 Easy to manipulate with dead. ... South32 buys into copper by taking Sumitomo's 45% stake in Sierra Gorda International Mining.

South32 Limited agreed to acquire 31.5% stake in Sierra Gorda S.C.M. from Sumitomo Metal Mining Co., Ltd. for $1.6 billion on October 14, 2021. ... consideration 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 ...

Sumitomo Metal Mining to buy 13 pct stake in Morenci mine for $1 bln ... February 15, 2016 2:25 PM UTC Updated ago ... 93 percent to 5 billion yen due to a hefty writedown on the Sierra Gorda ...

Sumitomo Metal Mining currently holds a 31.5% stake in SG SCM while Sumitomo Corporation owns 13.5%. The remaining 55% is held by KGHM Polska Miedź. The deal includes a $1.55bn upfront cash payment and a contingent price-linked consideration of up to $500m. The transaction is scheduled to close in early 2022, …

The first shipment of copper concentrate approximately 6,000 tonnes from the Sierra Gorda mine is expected to arrive at SMM's Toyo Smelter & Refinery in November. Through the development, Sierra Gorda SCM confirms that the project reserves increased from about 1.3 billion tonnes @ 0.39% Cu, 0.024% Mo and 0.065g/t Au to about 1.5 …

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 KGHM's Chilean mine for $1 ...

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.

South32 locks 45% stake in Sierra Gorda copper mine - by C Jamasmie: #SGMET South32 (ASX, LON, JSE: S32) said on Thursday it would proceed with the acquisition of a 45% stake in Sierra Gorda copper...

LONDON, UK: South32 Limited has acquired a 45% interest in the Sierra Gorda copper mine from Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo). The final purchase price includes a US$1.4bn upfront cash payment plus a contingent price-linked consideration component of up to US$500mn, payable at …

Sumitomo mulls sale of stake in coppermoly mine Sierra . Oct 09, 2020 · Japanese conglomerate Sumitomo is mulling the sale of its 45% stake in the Sierra Gorda coppermolybdenum mine in northern Chile, the company announced on Thursday October 8 Sumitomo Metal Mining and Sumitomo Corp hold stakes of 315% and 135% …

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) is pleased to announce that it has entered into two binding conditional agreements with Sumitomo Metal Mining (TYO: 5713) and Sumitomo Corporation (TYO: 8053) (collectively Sumitomo) to acquire a 45% interest in the Sierra Gorda copper mine in Chile (Sierra …

South32 CEO Graham Kerr announces the agreement. We have entered into two binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45 per cent interest in the Sierra Gorda copper mine in Chile's prolific Antofagasta copper region for an upfront cash …

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 ...

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.

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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 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

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 …

Digital Page Seven. Sumitomo Metal Mining, the owner of Minera San Cristóbal – the largest mining deposit in Bolivia – sold 45% of its stake in the Sierra Gorda copper mine, in Chile, in an operation that exceeded $ 2 billion.

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...

TOKYO, Nov 8 (Reuters) - Japan's Sumitomo Metal Mining Co Ltd more than doubled its annual profit forecast on Monday thanks to surging prices of copper and nickel as well as a one-off gain from selling its stake in the Sierra Gorda copper mine in Chile. The Japanese miner and smelter lifted its net profit estimate for the year to March 31 to a ...

South32 Ltd has completed the acquisition of a 45% interest in the Sierra Gorda copper mine from Sumitomo Metal Mining and Sumitomo Corp. (collectively Sumitomo). The final purchase price includes a US$1.4 billion upfront cash payment, plus a contingent price-linked consideration component of up to US$500 million, payable at …

South32 Ltd has completed the acquisition of a 45% interest in the Sierra Gorda copper mine from Sumitomo Metal Mining and Sumitomo Corp. (collectively …

(Reuters) -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 $1.55 billion including ...

KGHM Polska Miedz S.A. said on October 07, 2020 it has been informed by Sumitomo Metal Mining Co., Ltd., Sumitomo Corporation and Smm Sierra Gorda Inversiones Limitada about planned sale of... | May 4, 2023