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Kerr peels back $2.05B Chilean copper onion

South32 boss Graham Kerr admits that when his business development team came to him with the idea of acquiring Sumitomo’s 45% stake in the Sierra Gorda copper mine in Chile’s Antofagasta region for up to US$2.05 billion, he was as sceptical as could be.

Kerr peels back $2.05B Chilean copper onion Kerr peels back $2.05B Chilean copper onion Kerr peels back $2.05B Chilean copper onion Kerr peels back $2.05B Chilean copper onion Kerr peels back $2.05B Chilean copper onion

South32 CEO Graham Kerr

Sierra Gorda might rank as Chile's 11th biggest copper mine but it has had a lousy reputation since production got going in 2014, something that the 55% operator - Poland's KGHM - has only been able