REG - South32 Limited - Sierra Gorda Transaction Update

South32Announcement

25/11/2021 07:00

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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                                    Tom Gallop

T         +61 8 9324 9029
T         +61 8 9324 9030

M        +61 403 328 408
M        +61 439 353 948

E          Alex.Volante@south32.net
E          Tom.Gallop@south32.net
 Media Relations
 Miles Godfrey                                   Jenny White

M        +61 415 325 906
T         +44 20 7798 1773

E          Miles.Godfrey@south32.net
M        +44 7900 046 758

E          Jenny.White@south32.net

Further information on South32 can be found at www.south32.net
(http://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.

 

 

 

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