14
Oct
14:31
COPPER: South32 to acquire 45% stake in Sierra Gorda mine in Chile
Australia-based mining company South32 is buying a 45% stake in the Sierra Gorda copper-molybdenum-gold-silver mine in Chile for $1.55 billion, Kallanish reports.
The company has signed two binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation. The deal will enable South32 to jointly operate the mine with KGHM Polska Miedz (KGHM), a Polish miner that owns a 55% interest in the Sierra Gorda mine. The mine has excellent infrastructure, t…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous