# Sumitomo to sell Chilean copper mine stakes to South32 for $1.5 billion

Sumitomo Corporation agreed to sell its stakes in Chilean copper mines to South32 for approximately $1.5 billion.

- Type: Acquisition
- Announced: 2018-08-27
- Where: Chile
- Value: $1.50B
- Status: announced
- Products: copper
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md)
- [South32](https://endata.com/companies/33959.md) (acquirer)

## Sources

- [mining.com](https://www.mining.com/kghm-go-ahead-2bn-expansion-sierra-gorda-copper-mine-chile/kghm-go-ahead-2bn-expansion-sierra-gorda-copper-mine-chile-jpg/), 2018-08-27: "Sumitomo to sell Chilean copper mine stakes to South32 for around $1.5 bln"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.