SUMITOMO CORP Mining News

Teck, Sumitomo close Quebrada Blanca transaction

Teck Resources and Sumitomo have closed their $1.2B transaction, giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project.

Workers could strike at Chile's Sierra Gorda copper mine – union

A union at the Sierra Gorda copper mine, controlled by Polish mining company KGHM, could go on strike this week after rejecting the latest offer in contract negotiations.

China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil's Vale

The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.

Sumitomo lowers nickel output forecast at Ambatovy mine in Madagascar

Due to lower production amid bad weather and a slow ramp-up after a regular maintenance, Sumitomo now expects a loss of 13.6 billion yen.

Itochu, Sumitomo seek to sell Glencore stake

Move comes amid commodity price downturn.

Teck continues to sell assets to reduce debt – now Pogo goes

Teck Resources has entered into a non-binding memorandum of understanding with Sumitomo Metal Mining (SMM) for the proposed sale of Teck’s 40% interest in the Pogo mine in Alaska for $245 million subject to adjustment for working capital. SMM holds an indirect 51% interest in Pogo and an affiliate of Sumitomo Corp holds a 9% [...]