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Sumitomo Corporation Data

Sumitomo Corporation News

  • Glencore to restart mine 2016-10-11
    Glencore's Collinsville to return to production due to coal market improvements
  • Drilling has Commenced at Viscount's Flint Canyon, Cherry Creek Property in Nevada 2016-09-07

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 7, 2016) - Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF) ("Viscount" or "the Company"), is pleased to provide an update on its flagship Cherry Creek Nevada Property (the "Property"). The Phase 1 drilling has commenced at Flint Canyon and is being managed and funded by Summit Mining Exploration Inc. ("Summit"), a wholly-owned US subsidiary of Sumitomo Corporation, under the Exploration-Earn In Agreement.

  • Project lenders defer some Ambatovy debt payments – Sherritt 2016-08-05
    Project lenders to TSX-listed Sherritt International’s 40%-owned Ambatovy joint venture (JV), in Madagascar, have agreed to grant the company and its JV partners six principal payment deferrals totalling $565-million. The Ambatovy JV, in which Sumitomo Corporation holds 32.5% and Korea Resources Corporation 27.5%, has debt of $1.6-billion.
  • Sumitomo cuts 2016 Ambatovy nickel mine forecast to 42 000 t to 45 000 t 2016-08-01
    Japanese trading house Sumitomo Corp cut its nickel production estimate at the Ambatovy mine in Madagascar to 42 000 t to 45 000 t, from an earlier estimate of 48 000 to 50 000 tonnes, due to some glitches, executives said on Monday. "We've begun a maintenance at Ambatovy in June, earlier than our previous plan of between summer and autumn, as there had been some glitches in the April-June period," Koichi Takahara, CFO, told an earnings press conference.
  • Newmont to sell Indonesian assets 2016-07-01

    Newmont Mining Corporation has entered into a binding share sale and purchase agreement with PT Amman Mineral Internasional (AMI) to sell its 48.5% interest in PT Newmont Nusa Tenggara (NNT), which operates the Batu Hijau copper and gold mine in Indonesia.

  • Newmont sells Batu Hijau for $1.3bn 2016-07-01
  • Newmont exits Indonesia with $1.3bn sale of Batu Hijau to PT AMI 2016-07-01
    US gold major Newmont Mining has agreed to sell its stake in the Batu Hijau copper/gold mine in Indonesia, citing its strategic priorities to lower debt and fund its highest-margin projects. The Denver, Colorado-based miner has agreed to sell its 48.5% stake in PT Newmont Nusa Tenggara (PTNNT) for $1.3-billion to PT Amman Mineral Internasional (PT AMI). According to Newmont, Nusa Tenggara Mining Corporation, majority owned by Sumitomo Corporation, had also agreed to sell its ownership stake to PT AMI.
  • Sumitomo increases South Yamarna interest 2016-04-15

    Sumitomo Metal Mining Oceania, a subsidiary of Sumitomo Metal Mining Co Ltd, has increased its interest in Gold Road Resources’ South Yamarna Joint Venture (SYJV) to 50%. South Yamarna is 200km east of Laverton in Western Australia.

  • Viscount Announces 2016 Work Program at Cherry Creek, Nevada 2016-04-06

    Summit recognizes that Viscount's Flint Canyon area exhibits alteration and mineralization characteristic of Carlin-type gold deposits

    Drilling budgeted for 32 holes at 24,000 feet or 7320 m

  • Madagascar's Ambatovy mine says new tax rules halt nickel shipments 2016-02-18
    The Madagascan arm of Sherritt International said on Thursday containers carrying nickel had been prevented from leaving the island's Toamasina port due to new regulations, and unless the situation changed the mine could only stay open for a week. The $7-billion Ambatovy mining project, 40% owned and operated by Sherritt, has been hit by record low nickel prices and management has been forced to lay off more than 1 000 of its workforce over the past year.

Sumitomo Corporation Information

  • Company 2015-10-15
    Sumitomo Corporation is one of the largest integrated trading and investment companies in Japan. Sumitomo Corporation, a Fortune 500 company, conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in businesses from the information industry to the retailing industry.

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