sumitomo buys 45 stake in sierra gorda

Sumitomo to sell stake in Sierra Gorda

2020-10-8 · Sumitomo to sell stake in Sierra Gorda - reports Sumitomo''s reported plan to sell its minority stake in the KGHM-controlled Sierra Gorda copper JV is likely to draw interest from other non-mining...

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2021-5-20 · 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.

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

2020-10-8 · Japanese miner Sumitomo Metal (TYO: 5713) said on Thursday it was reviewing its strategic options regarding its minority stake in Sierra Gorda copper mine …

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

2021-3-4 · 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.

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

2021-3-5 · 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 ...

Quadra attracts Sumitomo to Sierra Gorda

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Polish copper giant KGHM''s partner may sell its stake …

2020-10-8 · Poland''s copper and silver conglomerate KGHM''s partner in the Chilean Sierra Gorda mine, Japan-based Sumitomo Metal Mining Co., Ltd, intends to sell its shares, KGHM said in a statement on ...

Mitsui to sell stake in Caserones Cu mine | American …

2020-11-9 · 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. The three-month copper price on the London Metal Exchange was $6,968 per tonne on the morning of ...

KGHM continues its good cooperation with Sumitomo …

2016-2-16 · We want to maintain our strategic relations with Sumitomo," assures Mirosław Biliński, Vice-President of the Management Board of KGHM. KGHM has a 55 percent stake, and the Sumitomo group 45 percent, in the joint venture company Sierra Gorda SCM. Department of Communication and CSR. KGHM Polska Miedź SA.

sumitomo buys 45 stake in sierra gorda

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Polish miner KGHM looking to sell two US copper …

2021-3-5 · 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 ...

KGHM sells its small mines outside Poland_SMM | …

2021-5-14 · In march, the company announced no plans to change its 55 per cent stake in Chile''s Seragorda (Sierra Gorda) mine. Last October, its Japanese partner Sumitomo Metal Mining (Sumitomo Metal Mining) sold a 45 per cent stake in the mine. The company achieved its best operational and financial performance in nearly a decade in the first quarter of 2021.

Polish copper giant KGHM''s partner may sell its stake …

2020-10-8 · Polish copper giant KGHM''s partner may sell its stake in Chile plant Poland''s copper and silver conglomerate KGHM''s partner in the Chilean Sierra Gorda mine, Japan-based Sumitomo Metal Mining Co., Ltd, intends to sell its shares, KGHM said in a statement on Wednesday evening.

Premier Mining Industry Practice

2018-5-11 · 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 Corporation (U.S.) (2010) Lihir Gold Ltd. (Papua New

Sumitomo to sell stake in Sierra Gorda copper mine

2020-10-8 · Japanese miner and smelter Sumitomo Metal Mining is reviewing its strategic options regarding its minority stake in the Sierra Gorda copper mine in northern Chile, majority owned by Polish miner KGHM. The Asian giant announced that selling its 45…

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

2021-3-25 · 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) Messaging: agnieszka.barteczko.reuters @thomsonreuters )) ...

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

2020-11-9 · 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 ...

KGHM has no plans to change its stake in Sierra …

2021-3-25 · 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 ...

Sumitomo Metal Mining cuts 2016 Sierra Gorda …

2016-11-11 · TOKYO, Nov 11 (Reuters) - Japan''s Sumitomo Metal Mining Co Ltd on Friday cut the 2016 output estimate for its Sierra Gorda copper mine in Chile by 5 percent due to a slower-than-expected ramp-up. The Japanese miner, which owns a 31.5 percent stake in the Sierra Gorda, now expects 92,000 tonnes in copper concentrate production in 2016, down from ...

Quadra FNX and Sumitomo form US$724 million joint …

2011-5-16 · 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. According to Quadra FNX''s ...

Overview of Operations

2018-1-9 · 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

Sumitomo evalúa vender su participación en mina de …

(Bloomberg) -- El grupo japonés Sumitomo informó que está evaluando la venta de su participación minoritaria en la mina de cobre Sierra Gorda, en Chile mitomo Metal Mining Co. y Sumitomo Corp. poseen en conjunto 45% del proyecto, mientras que la polaca KGHM Polska Miedz SA es propietaria del resto. Esa participación tiene un valor de alrededor de US$500 millones, según Edward Sterck ...

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

2021-3-25 · 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 on the ...

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

2021-3-4 · 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 ...

Sumitomo mulls sale of stake in copper-moly mine …

2020-10-9 · 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%.

KGHM''s Sierra Gorda on ''trajectory of improvement ...

2020-8-25 · KGHM had reported second quarter EBITDA of PLN1 billion for its Polish operations, slightly above BMO''s forecast, and a record PLN324 million for Sierra Gorda, up …

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Sumitomo to promote stake in Sierra Gorda copper …

2020-10-8 · Japanese miner and smelter Sumitomo Metallic Mining is reviewing its strategic choices relating to its minority stake within the Sierra Gorda copper mine in northern Chile, majority owned by Polish miner KGHM (WSE: KGH).. The Asian large introduced that promoting its 45% holding within the mine was one of many routes to be explored with its monetary and authorized advisors, RBC Capital …

KGHM Extending Reach with Offer for Quadra FNX | E …

2012-1-20 · 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.

KGHM Starts The Largest Investment Program In Its …

2015-3-19 · One remark: The Sierra Gorda project is shared with Sumitomo. Therefore, it is reported in the KGHM''s balance sheet as "Investment accounted for using the equity method".

Copper Miner KGHM Snaps Up Quadra In $3.4B Deal

Japanese company Sumitomo Corp. owns a 45 percent stake in that venture. Copper production from Sierra Gorda is expected to begin in 2014 and exceed 200,000 metric tons each year.