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, producing materials critical for global decarbonization and the energy transition. Sierra Gorda, located in the Antofagasta region, was expected to produce 180,000 tonnes of copper and 5,000 tonnes of molybdenum...

Published

Andrea Hotter

October 14, 2021

18:10 GMT

New York