South32 completes interest acquisition in Sierra Gorda

Australia-based and globally focused South32 said 22 February that it has completed its 45% interest acquisition in the Sierra Gorda copper operation in northern Chile from Sumitomo. The final price tag was US$1.4 billion cash plus a contingent price-linked consideration component that will be up to $500 million. It will be due when copper production rated in 2022-2025 meet certain…

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