Sierra Gorda Transaction Update

RNS Number : 5736T
South32 Limited
25 November 2021
 

South32 Limited

(Incorporated in Australia under the Corporations Act 2001 (Cth))

(ACN 093 732 597)

ASX / LSE / JSE Share Code:  S32 ADR: SOUHY 

ISIN:  AU000000S320

south32.net

25 November 2021

 

 

 

SIERRA GORDA TRANSACTION UPDATE

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) advises that KGHM Polska Miedz (KGHM) has not exercised its pre-emptive rights to increase its shareholding in the Sierra Gorda copper mine in Chile
(Sierra Gorda). On 14 October 2021 we announced we had entered into binding conditional agreements with Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo) to acquire a 45% interest in Sierra Gorda (the Transaction)[1]. Completion of the transaction is expected in early calendar year 2022 subject to the satisfaction of the remaining conditions.   

About us

South32 is a globally diversified mining and metals company. Our purpose is to make a difference by developing natural resources, improving people's lives now and for generations to come. We are trusted by our owners and partners to realise the potential of their resources. We produce bauxite, alumina, aluminium, metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia, Southern Africa and South America. With a focus on growing our base metals exposure, we also have two development options in North America and several partnerships with junior explorers around the world.

Investor Relations

 

Alex Volante
T  +61 8 9324 9029
M  +61 403 328 408
E  Alex.Volante@south32.net

Tom Gallop
T
   +61 8 9324 9030
M   +61 439 353 948
E  Tom.Gallop@south32.net

Media Relations

 

Miles Godfrey
M  +61 415 325 906
E  Miles.Godfrey@south32.net

Jenny White
T    +44 20 7798 1773
M  +44 7900 046 758
E  Jenny.White@south32.net

Further information on South32 can be found at www.south32.net .

Approved for release by Graham Kerr, Chief Executive Officer
JSE Sponsor:  UBS South Africa (Pty) Ltd
25 November 2021

 

[1] Refer to market release "South32 to acquire a 45% interest in the Sierra Gorda copper mine" dated 14 October 2021.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGLBDBUUDDGBU
UK 100

Latest directors dealings