LONDON, UK: South32 Limited has acquired a 45% interest in the Sierra Gorda copper mine from Sumitomo Metal Mining and Sumitomo Corporation (collectively Sumitomo). The final purchase price includes a US$1.4bn upfront cash payment plus a contingent price-linked consideration component of up to US$500mn, payable at threshold copper production rates and prices in the years 2022-25.…
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Foresight Solar Fund buys stake in Australian solar farms
LONDON, UK: Foresight Solar Fund Limited, a fund investing in a diversified portfolio of ground-based solar PV and battery storage assets in the UK and internationally, has acquired the remaining 51% interests in the Oakey 1 (30 MW) and Longreach (17 MW) solar farms in Queensland, Australia. The Company had acquired a 49% stake in…