Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Sumitomo Metal Mining Co., Ltd.    5713   JP3402600005

SUMITOMO METAL MINING CO., LTD.

(5713)
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Sumitomo Metal Mining : Minings Acquisition of a $1.2 billion Billion interest in Compaia Minera Teck Quebrada Blanca S.A.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/22/2018 | 09:34am EDT

Torys, Mayer Brown, Philippi Prietocarrizosa Ferrero DU & Uria, Bofill Mir & Alvarez Jana, Fasken Martineau DuMoulin, Carey and KPMG advised on the deal

Sumitomo Metal Mining Co., Ltd. (acting in a consortium with its partner, Sumitomo Corporation) on the acquisition of a 30 percent indirect interest in Compaia Minera Teck Quebrada Blanca S.A., which owns the Quebrada Blanca Phase 2 (QB2) project, from Teck Resources Limited for $1.2 billion.

The QB2 project is the second phase of the Quebrada Blanca copper mine in Chile.

The consideration payable by Sumitomo Metal Mining and Sumitomo Corporation consists of a $800 million earn-in contribution and a $400 million matching contribution made through a jointly held entity. Further supplemental payments will be made upon the mine achieving agreed throughputs and following a major project expansion.

The initial proceeds of the transaction will be used to fund construction of the project, with the first production targeted for the second half of 2021. The mine is expected to produce 316,000 tonnes per annum of copper equivalent in the first full five years.

Torys LLP advised Sumitomo Metal Mining, Co. Ltd. with Don Bell, Michael Pickersgill and Braden Jebson.

Mayer Brown advised Sumitomo Metal Mining, Co. Ltd. with a team including the head of the Africa and Mining practices Ian Coles (Picture), Corporate & Securities partner Rob Hamill (both London) and Satoru Murase (New York); Corporate & Securities partners Connor Cahalane, Rebecca Bothamley (both London) and Thomas Moore (Houston), senior associate Harriet Hainsworth (London), associates Stefania Alessi and Omar El-Khattabi (both London) and trainee solicitor Abbey Dalgleish (London); Banking & Finance partner Rachel Speight (London); and Construction & Engineering partner Jonathan Hosie (London).

In Chile, Philippi Prietocarrizosa Ferrero DU & Uria advised Sumitomo Metal Mining, Co. Ltd. with Juan Paulo Bambach, Carlos Alberto Reyes, Juan Jose Eyzaguirre, Ignacio Larrain and Cristina Olavarria.

Bofill Mir & Alvarez Jana Abogados advised Sumitomo Metal Mining, Co. Ltd. with Pablo Mir, Felipe Allende, Joaquin Perez and Esteban Fresno.

Fasken Martineau DuMoulin advised Teck Quebrada Blanca S.A. with Alison Lacy.

Carey advised Teck Quebrada Blanca S.A. with Rafael Vergara, Cristian Eyzaguirre, Francisco Corona, Maximiliano Urrutia, Giannina Veniu, Ignacio Alfaro.

KPMG advised Teck Quebrada Blanca S.A. with Rodrigo Stein.

(c) The Observer 2018 Observer Media Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
SUMITOMO METAL MINING CO., LTD. 4.14% 3269 End-of-day quote.13.74%
TECK RESOURCES LTD 1.01% 28.99 Delayed Quote.-1.33%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SUMITOMO METAL MINING CO.,
06/25SUMITOMO METAL MINING : To Our Shareholders - On the occasion of the renewal of ..
PU
06/25SUMITOMO METAL MINING CO., LTD. : Proxy Statments
CO
06/18Downbeat Coal Exports, Global Steel Markets to Weigh on Coal Stocks
DJ
04/03TECK RESOURCES : Sumitomo close Quebrada Blanca transaction
AQ
04/03SUMITOMO METAL MINING : Japans Sumitomo Mining cuts copper, nickel output for cu..
AQ
04/02SUMITOMO METAL MINING : Japan`s Sumitomo Mining cuts copper, nickel output for c..
AQ
03/27SUMITOMO METAL MINING CO., LTD. : Ex-dividend day for final dividend
FA
02/19ASIA MARKETS: Asian Markets Tick Higher; Nikkei Up Despite Disappointing Data..
DJ
02/08SUMITOMO METAL MINING CO., LTD. : 3rd quarter results
CO
02/08SUMITOMO METAL MINING CO., LTD. : Dividends
CO
More news
Financials (JPY)
Sales 2020 879 B
EBIT 2020 68 727 M
Net income 2020 53 591 M
Debt 2020 435 B
Yield 2020 2,10%
P/E ratio 2020 16,6x
P/E ratio 2021 13,3x
EV / Sales2020 1,52x
EV / Sales2021 1,46x
Capitalization 898 B
Chart SUMITOMO METAL MINING CO., LTD.
Duration : Period :
Sumitomo Metal Mining Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUMITOMO METAL MINING CO.,
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 3 550,00  JPY
Last Close Price 3 269,00  JPY
Spread / Highest target 46,8%
Spread / Average Target 8,60%
Spread / Lowest Target -17,4%
EPS Revisions
Managers
NameTitle
Akira Nozaki President & Representative Director
Yoshiaki Nakazato Chairman
Yasuyuki Nakayama Auditor
Masahiro Morimoto Manager-Accounting & Head-Information Systems
Masaki Imamura Managing Executive Officer & GM-Technology
Sector and Competitors
1st jan.Capitalization (M$)
SUMITOMO METAL MINING CO., LTD.13.74%8 339
GMK NORIL'SKIY NIKEL' PAO--.--%37 488
GMK NORIL'SKIY NIKEL' PAO (ADR)0.00%37 488
SOUTHERN COPPER CORP22.29%29 090
CHINA MOLYBDENUM3.19%11 163
JIANGXI COPPER CO LTD (ADR)0.00%6 467