Sumitomo Metal Mining Mining News

Teck chooses Sumitomo to develop Chilean copper project in $1.2B deal

Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.

IAMGOLD considers two mine plans in Côté feasibility study

The extended plan increases the mine life by two years, raising production to 372,000 oz. gold per year and all-in sustaining costs to US$703 oz. gold per year.

Northern Star raises funds to buy gold mine in Alaska

The Australian miner was able to raise almost $1.3 million to help fund the acquisition of its first overseas asset.