Sumitomo Metal Mining 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.

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.