Sumitomo Metal Industries

Merged Nippon-Sumitomo may retain Tata Steel, drop Bushan as ally

Japanese steel firms Nippon Steel and Sumitomo Metals are likely to retain Tata Steel as partner for India, post their proposed merger. Nippon Steel has a tie-up with Tatas and Sumitomo Metals has a partnership with Bhushan Steel. Industry sources said that the new entity, formed out of Nippon-Sumitomo's existing businesses, will keep only one firm as its India ally and the balance is tilted towards Nippon's long-standing partner Tata Steel rather than Sumitomo Metals' Bhushan Steel, which has a marketing and technology tie-up with the Japanese firm.

Sumitomo Metal strikes gold, silver in Alaska

Sumitomo Metal Mining Co. and Sumitomo Corp. said Thursday that test drilling has confirmed deposits of gold, silver and antimony at their jointly held Monte Cristo mine in Alaska.

Strike at San Cristobal silver mine enters fourth day

A four-day-old strike has paralyzed Bolivia's San Cristobal mine, which produces silver, zinc and lead and accounts for about half the country's mining exports, the government said on Monday.

San Cristobal is the world's third-largest producer of silver and the sixth-largest producer of zinc, according to Japan's Sumitomo Corp (8053.T: Quote), which fully owns the mine.

Nippon Steel/Sumitomo draft merger plan submitted

Nippon Steel & Sumitomo Metal Industries Ltd submit draft merger proposal Tokyo (Reuters) – Nippon Steel Corp, the world's fourth-biggest steelmaker, and Sumitomo Metal Industries Ltd submitted a draft proposal for their planned merger to Japan's

No plans for force majeure – Sumitomo

Sumitomo Metal Industries Ltd Japan's third-biggest steelmaker, said it had no plan to declare force majeure on input deliveries. The company has suspended operations of the two giant blast furnaces at its mainstay Kashima plant in Ibaraki prefecture after the quake and tsunami.