South32 buys stake in KGHM's Chilean mine for $1.55bn

Australia’s South32 (ASX, LON, JSE: S32) has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM (WSE: KGH) for $1.55 billion cash plus a contingent price-linked consideration of up to $500 million over the 2022 through...