Sumitomo Corporation Joins Chile Copper-Gold Mine Development, Securing 5,000 Tons Annual Copper Interest — BigGo Finance
Sumitomo Corporation said on the 28th that it will participate in the development of the Dos Amigos copper-gold mine project in the Atacama Region of northern Chile. Through a special purpose vehicle established as a 50-50 joint venture with Canada’s G Mining Group, Sumitomo subscribed to a third-party allotment of new shares in the project operating company for about C$48 million, or roughly ¥5.5 billion. The article says Sumitomo’s effective equity interest will be about 12.5%, with attributable copper production based on that stake projected at 5,000 tons a year.
Source: finance.biggo.com
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BigGo Finance
Sumitomo Corporation Joins Chile Copper-Gold Mine Development, Securing 5,000 Tons Annual Copper Interest — BigGo Finance
Sumitomo Corporation announced on the 28th that it will participate in the Dos Amigos copper-gold mine project in northern Chile. Through a special…
August 28, 2026
