US EditionNickel Downturn Prompts South32 Divestment, Veteran Investor Eyes Contrarian Opportunity - South32 (OTC:SOUHY)
13 Articles
13 Articles
Nickel Downturn Prompts South32 Divestment, Veteran Investor Eyes Contrarian Opportunity - South32 (OTC:SOUHY)
Australian miner South32 (NYSE:SOUHY) has agreed to sell its Cerro Matoso ferronickel mine in northern Colombia to an industrial conglomerate, CoreX Holding, in a deal valued at up to $100 million. The agreement includes a nominal upfront payment, with additional payments tied to future nickel prices and production performance, as well as up to $20 million in permitting milestone bonuses over the next five years. Cerro Matoso, located in Córdoba…
Türkiye’s CoreX to Acquire Colombia’s Cerro Matoso Nickel Mine from South32 in Deal Worth Up to $100 Million
CoreX Holding, a Netherlands-based firm founded by Turkish-American entrepreneur Robert Yuksel Yildirim, has signed a binding agreement to acquire the Cerro Matoso nickel mine in Colombia from Australia’s South32. The transaction includes a nominal upfront payment and potential future considerations totaling up to $100 million. Deal includes contingent payments Within the deal, the payment structure includes up to $80 million in contingent payme…
Production for fiscal year 2025, which runs from July 2024 to June 2025, is maintained at 35,000 tons.
Australians from South 32 will sell the operation that has been operating for 43 years to a miner from Istanbul with businesses from Nickel in various parts of the world The article A Turkish company will keep the rich mine of Cerro Matoso in Cordoba was originally published in Las2orillas. Copyrights Las2orillas.co
Australian South32 signed a binding agreement to sell Cerro Matoso in Colombia to a subsidiary of CoreX Holding B.V. VIEW MORE: South32 invokes force majeure in ferroniquel operation in ColombiaThe transaction is the result of a strategic review carried out in response to structural changes in the nickel market. At the end of the transaction, the buyer will pay a nominal consideration and assume economic and operational control of Cerro Matoso, …
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