M&A

South32 makes 'opportunistic, non-ego' move into copper

SOUTH32 is moving into the copper space, paying US$1.55 billion for circa-100,000t per annum of copper equivalent production through a 45% interest in the Sierra Gorda operation in Chile.

The Sierra Gorda copper mine in Chile

The Sierra Gorda copper mine in Chile

Owned 55% by Polish miner KGHM, Sierra Gorda is an open cut operation that's currently milling ore grading about 0.48% copper and is reportedly on track to produce 214,000t copper equivalent this year...

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