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    S32   AU000000S320

SOUTH32 LIMITED

(S32)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 10/20
3.83 AUD   -1.29%
03:01aSOUTH32 : Posts Mixed Production Results in Fiscal Q1
MT
10/20Australia's South32 says Q1 met coal output drops 15%, sees prices rising
RE
10/17SOUTH32 : 2021 South32 Sustainability Briefing
PU
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

South32 to Acquire 45% Stake in Chile's Sierra Gorda From Sumitomo

10/13/2021 | 05:24pm EDT

By Stuart Condie

SYDNEY--South32 Ltd. will pay up to $2.05 billion for a 45% stake in Chile's Sierra Gorda copper mine.

The Australian diversified miner on Thursday said it had entered into binding agreements with Sumitomo Metal Mining and Sumitomo Corp. to acquire the interest. It said it would pay $1.55 billion in cash up-front, plus a contingent price-linked consideration of up to $500 million over the 2022 through 2025 fiscal years.

South32 will have joint-control of Sierra Gorda alongside KGHM Polska Miedz, which holds a 55% stake in the project.

South32 said it will fund the acquisition with a combination of cash-in-hand and a $1 billion underwritten debt facility. It had a $660 million cash balance at the end of September and expects the transaction to be immediately earnings accretive.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

10-13-21 1924ET

Stocks mentioned in the article
ChangeLast1st jan.
KGHM POLSKA MIEDZ S.A. 1.46% 170.45 End-of-day quote.-6.86%
SOUTH32 LIMITED -1.29% 3.83 End-of-day quote.55.06%
SUMITOMO CORPORATION -0.68% 1612 End-of-day quote.18.05%
SUMITOMO METAL MINING CO., LTD. -0.73% 4488 End-of-day quote.-1.99%
All news about SOUTH32 LIMITED
03:01aSOUTH32 : Posts Mixed Production Results in Fiscal Q1
MT
10/20Australia's South32 says Q1 met coal output drops 15%, sees prices rising
RE
10/17SOUTH32 : 2021 South32 Sustainability Briefing
PU
10/14NORTH AMERICAN MORNING BRIEFING : Investors to Assess Heavy Slate of Earnings
DJ
10/14SOUTH32 : Strikes $1.6 Billion Deal for 45% Stake in Chile Copper Mine; London Shares Clim..
MT
10/14Big miners reconsider Congo, Zambia risks as copper price surges
RE
10/14Australia shares snap 3-day losing streak; South32 jumps on copper bet
RE
10/14Big miners reconsider Congo, Zambia risks as copper price surges
RE
10/14SOUTH32 : Acquires 45% Stake in Chilean Copper Mine for $1.6 Billion; Shares Rise More tha..
MT
10/13Miners, tech stocks lift Australia shares; South32 soars
RE
More news
Analyst Recommendations on SOUTH32 LIMITED
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Financials (USD)
Sales 2022 7 548 M - -
Net income 2022 1 635 M - -
Net cash 2022 1 107 M - -
P/E ratio 2022 7,90x
Yield 2022 5,82%
Capitalization 13 409 M 13 407 M -
EV / Sales 2022 1,63x
EV / Sales 2023 1,60x
Nbr of Employees 13 624
Free-Float 98,5%
Chart SOUTH32 LIMITED
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South32 Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends SOUTH32 LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Last Close Price 2,88 $
Average target price 3,10 $
Spread / Average Target 7,54%
EPS Revisions
Managers and Directors
Graham Kerr Chief Executive Officer, Executive Director & MD
Katie Tovich Chief Financial Officer
Karen J. Wood Chairman
Vanessa Torres Chief Technical Officer
Mike Fraser Co-Chief Operating Officer
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