Sumitomo to sell Chilean copper mine stakes to South32 for $1.55b

Sumitomo to sell Chilean copper mine stakes to South32 for $1.55b

Visual from Sumitomo Metal website

Japan’s Sumitomo Metal Mining Co Ltd and Sumitomo Corp agreed to sell their stakes in the Sierra Gorda copper mine in Chile to Australian miner South32 Ltd for $1.55 billion including net debt adjustment, the companies said on Thursday.