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Sumitomo Metal Mining (5713) · InitiativeAchieved

Agreement to Sell the Entire Interest in the Sierra Gorda Copper Mine

First written in FY2022-Q2. 1 of 3 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2022.

3entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2022-Q2AdvancedFY2022-Q3 – FY20222021: 120212022: 22022
Same theme, other companies
Concentration of the Resource Portfolio on Coking Coal, Copper and Natural Gas and Asset RotationA theme 3 companies write about · 0 as a headwind · 7 as a tailwind

2 other companies' latest entry also says "Achieved".

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Full recordFilings, disclosures and news, newest first
  1. FY2022AchievedAnnual report

    「当社は住友商事㈱と共同で豪州のSouth32 Limitedの子会社に対して、シエラゴルダ銅鉱山の全持分を2022年2月22日に譲渡しました。」

    2021年10月の持分譲渡契約・売却目的保有分類の段階から、2022年2月22日の全持分譲渡完了に進んだ。
  2. FY2022-Q3AdvancedAnnual report

    「譲渡実行は、一定の条件の充足や必要な許認可の取得を前提として、2022年3月末までを予定しております。 当社は、上記持分の譲渡に係る対価として、譲渡時に約1,190百万米ドル(※)を、譲渡実行後、2025年末までの銅価格や生産量について一定条件が充足されることを条件に追加で最大350百万米ドルを受領することとなります。 当第3四半期連結会計期間末に売却目的保有に分類した資産及び資産に直接関連する負債は、下記の持分譲渡契約を締結したSMM-SG Holding Inversiones SpA及びSMM Holland B.V.に係る資産及び負債であります。」

    シエラゴルダ全権益のSouth32 Limitedへの譲渡について、2022年3月末までの実行予定を維持しつつ、対象資産55,857百万円と関連負債372百万円を売却目的保有に分類した。契約締結から売却準備の会計上の分類段階へ進んだが、譲渡は条件充足・許認可取得前で完了していない。
  3. FY2022-Q2First statedAnnual report

    「The Group held 100% of SMM-SG Holding Inversiones Limitada and 100% of SMM Holland B.V., both consolidated subsidiaries in the resources segment. At a board meeting held on 13 October 2021, we resolved to sell all of these interests to South32 Limited of Australia and entered into an interest transfer agreement with South32 Limited on 14 October 2021. Completion was scheduled for March 2022, subject to the satisfaction of certain conditions and receipt of the necessary approvals.」

    The company agreed to sell all interests in the two subsidiaries holding the entire interest in the Sierra Gorda copper mine to South32 Limited for approximately US$1.19 billion at closing, plus up to US$350 million subject to conditions.
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Agreement to Sell the Entire Interest in the Sierra Gorda Copper Mine | Sumitomo Metal Mining Co.,Ltd. (5713) | Komori