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South32 is moving into the copper space, paying US$1.55 billion for circa-100,000t per annum of copper equivalent production through a 45% interest in the Sierra Gorda operation in Chile.
The Sierra Gorda copper mine in Chile
Owned 55% by Polish miner KGHM, Sierra Gorda is an open cut operation that's currently milling ore grading about 0.
Company bucks the trend with unit costs expected to be in line or below guidance
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