Sumitomo Buys 45 Stake In Sierra Gorda

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

Oct 08, 2020  Japanese miner Sumitomo Metal (TYO: 5713) said on Thursday it was reviewing its strategic options regarding its minority stake in Sierra Gorda copper

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Metal Bulletin

Oct 09, 2020  Japanese conglomerate Sumitomo is mulling the sale of its 45% stake in the Sierra Gorda copper-molybdenum mine in northern Chile, the company announced on Thursday October 8. Sumitomo Metal Mining and Sumitomo Corp hold stakes of 31.5% and 13.5% respectively in Sierra Gorda currently, while Polish state-owned miner KGHM holds the remaining 55%.

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Sumitomo to sell stake in Sierra Gorda copper mine

Oct 08, 2020  Oct. 8, 2020, 06:53 AM. Japanese miner Sumitomo Metal (TYO: 5713) said on Thursday it was reviewing its strategic options regarding its minority stake in Sierra Gorda copper mine in

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

Oct 08, 2020  Sumitomo to sell stake in Sierra Gorda - reports . ... Bloomberg reported on Thursday that Sumitomo was planning to sell its 45% stake in the Chile asset, ...

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

Oct 08, 2020  Sumitomo to sell stake in Sierra Gorda - reports . ... Bloomberg reported on Thursday that Sumitomo was planning to sell its 45% stake in the Chile asset, ...

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Poland's KGHM has no plans to change its stake in Sierra ...

Mar 25, 2021  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 5713.T put its 45% stake

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Receipt of information on the commencement by Sumitomo of ...

Oct 07, 2020  The Management Board of KGHM Polska Miedź S.A. („Company”) announces that on 7 October 2020 the Management Board of the Company was informed by Sumitomo Metal Mining Co., Ltd., Sumitomo Corporation and SMM Sierra Gorda Inversiones Limitada („Sumitomo”) of the planned commencement of the process of sale of Sumitomo’s 45% interest in the joint venture company Sierra Gorda

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KGHM has no plans to change its stake in Sierra Gorda mine

Mar 25, 2021  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

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Quadra FNX and Sumitomo form US$724 million joint venture ...

May 16, 2011  Sumitomo has a 45% stake in the joint venture; Quadra FNX has 55%. Sierra Gorda is a copper exploration project located in the Atacama Desert, Region II of Chile.

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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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Poland's KGHM has no plans to change its stake in Sierra ...

Mar 25, 2021  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 last October. (Reporting by Agnieszka Barteczko and Anna Koper; Editing by Susan Fenton)

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Premier Mining Industry Practice

Sumitomo Metal Mining Co., Ltd. (Japan) and Sumitomo Corporation (Japan) in its acquisition of a 45% stake in the Sierra Gorda project in Chile from Quadra FNX Mining Ltd. (Canada) (2011) Bucyrus International, Inc. (U.S.) in its $1.3 billion acquisition of the mining equipment business of Terex Corporation (U.S.) (2010) Lihir Gold Ltd. (Papua New

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Mitsui to sell stake in Caserones Cu mine American Metal ...

Nov 09, 2020  Last month, Japanese conglomerate Sumitomo also put its 45% stake in the Sierra Gorda copper-molybdenum mine in northern Chile up for sale. Mitsui's offloading announcement comes despite the copper price rebounding strongly in recent months.

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UPDATE 1-Polish miner KGHM looking to sell two U.S. copper ...

Mar 04, 2021  Investors have also been keen for details on KGHM's plans regarding Chilean Sierra Gorda mine, its flagship foreign asset, where it has a 55% stake, after its Japanese partner Sumitomo

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KGHM Extending Reach with Offer for Quadra FNX E MJ

Jan 20, 2012  Sumitomo owns a 45% stake in Sierra Gorda. Quadra FNX exploration projects include the Kirkwood, Falconbridge and Foy projects in the Sudbury region in Canada. The company also owns a minority stake in Capstone Mining. The Sierra Gorda project hosts 1.3 billion mt of copper-gold-molybdenum ore in proven and probable reserves.

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October Newsletter - 12.10.2020 - Behre Dolbear Group, Inc.

Oct 12, 2020  Sierra Gorda is located in the richest copper basin in Chile – the Atacama desert in the Antofagasta region. Japanese miner Sumitomo Metal (TYO: 5713) said on Thursday it was reviewing its strategic options regarding its minority stake in Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH).

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MINING UPDATE

Sumitomo owns a 45% stake in Sierra Gorda. Quadra FNX exploration projects include the Kirkwood, Falconbridge and Foy projects in the Sudbury region in Canada. The company also owns a minority stake in Capstone Mining. The Sierra Gorda project hosts 1.3 billion mt of copper-gold-molybdenum ore in proven and probable reserves.

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SOUTH32 LIMITED (ASX:S32) - Sierra Gorda copper mine, page ...

May 20, 2021  Japanese miner Sumitomo Metal (TYO: 5713) is selling its 45% stake in Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH). BMO Capital Markets analyst Edward Sterck estimates the present value of Sumitomo stake is around $513 million, assuming the mine achieves design cost and production rates.

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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 ...

More

Japan's Mitsui to sell stake in Caserones copper mine in ...

Nov 09, 2020  Last month, Japanese conglomerate Sumitomo also put its 45% stake in the Sierra Gorda copper-molybdenum mine in northern Chile up for sale. Mitsui's offloading announcement comes despite the red metal price rebounding strongly in recent months. The three-month copper price on the London Metal Exchange was $6,968 per tonne on the morning of ...

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Overview of Operations - Sumitomo Corporation

Sumitomo family Construction management for Sumitomo companies Import of crop protection ... 1991 Joint stake of 45% acquired in U.S. geothermal power generation company ... nickel project and the Sierra Gorda copper and molybdenum mine project. On a global scale, our

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Poland's KGHM sees copper demand rising amid green energy ...

Feb 24, 2021  KGHM sees this stake as ... commenting on plans by its Japanese partner Sumitomo Corp 8053.T to sell its 45% share in the project. He said 2021 will be a "breakthrough" year for Sierra Gorda.

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Sumitomo Metal Mining Co Ltd Company Profile - GlobalData

Sumitomo Metal Mining to Sell 45% Interest in Sierra Gorda Copper Mine in Chile: Asset Transaction: Sumitomo Metal Mining Co Ltd: 20 Aug 2020: KGHM Polska Miedz and Sumitomo Metal Mining Plans to Sell 55% Stake in Sierra Gorda Mine: Asset Transaction: Sumitomo Metal Mining Co Ltd; KGHM Polska Miedz SA: 23 Apr 2020

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UPDATE 1-Polish miner KGHM looking to sell two U.S. copper ...

Mar 04, 2021  Investors have also been keen for details on KGHM's plans regarding Chilean Sierra Gorda mine, its flagship foreign asset, where it has a 55% stake, after its Japanese partner Sumitomo Metal Mining put its 45% on the block last October with the help of RBC Capital Markets. Sources at the time said KGHM would not take on the rest of the mine.

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Polish miner KGHM looking to sell two U.S. copper assets ...

Mar 04, 2021  Investors have also been keen for details on KGHM’s plans regarding Chilean Sierra Gorda mine, its flagship foreign asset, where it has a 55% stake, after its Japanese partner Sumitomo

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Polish miner KGHM looking to sell two U.S. copper assets ...

Mar 04, 2021  Investors have also been keen for details on KGHM's plans regarding Chilean Sierra Gorda mine, its flagship foreign asset, where it has a 55% stake, after its Japanese partner Sumitomo Metal Mining put its 45% on the block last October with the help of RBC Capital Markets. Sources at the time said KGHM would not take on the rest of the mine.

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KGHM Is In Good Shape Despite Lower Copper Prices

Nov 19, 2015  To remind my readers, Sierra Gorda is the newest copper mine constructed by a joint venture between KGHM (holding a 55% stake) and Sumitomo (OTCPK:SSUMY) (45%). Construction of Sierra Gorda ...

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Polish miner KGHM looking to sell two US copper assets ...

Mar 05, 2021  Investors have also been keen for details on KGHM's plans regarding Chilean Sierra Gorda mine, its flagship foreign asset, where it has a 55% stake, after its Japanese partner Sumitomo

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Sumitomo Metal Mining Co Ltd Mining Business Media ...

Sep 02, 2021  Vale and Sumitomo Metal Mining have secured their long-term ownership of the PT Vale Indonesia nickel mining business with the signing of a definitive agreement to sell a 20% stake to state-owned mining investment agency PT Indonesia Asahan Aluminium. The transaction will see Inalum acquire 14.9% of the business from Vale Canada and 5.1% from SMM. Vale Canada will then hold

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KGHM begins process of acquiring Canadian mining company ...

Dec 05, 2011  The partner in this project is the renowned Japanese company Sumitomo, which owns a 45% stake in the project. The Chilean ore contains 1.3 billion tonnes of ore rich in copper, gold and molybdenum. We anticipate that copper production from the Sierra Gorda deposit will commence in 2014 and will exceed 200 thousand tonnes annually.

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How resource-poor countries in Asia are securing stable ...

Mar 01, 2016  Sierra Gorda Copper Mine (Sierra Gorda SCM)-Sumito Metal Mining Co Ltd ... Sherritt is the technology supplier to the project and owns a 45% equity stake, while the equal long-term nickel offtakers – Japan's Sumitomo Corporation and Korea Resources Corporation (Kores) – will each take 27.5% holdings. ... (45%), Sumitomo Corporation (27.5% ...

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KGHM to sell its smaller mines outside Poland - Gh Extractives

May 14, 2021  In March, the company declared it has no plans to change its 55% stake in its Chilean Sierra Gorda mine, its flagship foreign asset, after its Japanese partner Sumitomo Metal Mining put its 45% stake on the block last October. The company achieved the best operating and financial results in nearly a decade in Q1 2021.

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