Sumitomo Metal Mng C (STMNF) 10.0500 $STMNF
Freeport-McMoRan Completes Sale of 13% Interest in Morenci Mine for $1.0 Billion in Cash
BusinessWire - Tue May 31, 9:28AM CDT
Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed its previously announced sale of a 13 percent interest in its Morenci unincorporated joint venture to Sumitomo Metal Mining Co. Ltd. (SMM) for cash consideration of $1.0 billion. The transaction has an effective date of May 31, 2016.
FCX: 13.11 (+0.16)
Tri Origin Stakes Properties on Behalf of Abitibi Gold & Base Metal Exploration Alliance
Marketwired - Wed Sep 23, 10:23AM CDT
Tri Origin Exploration Ltd (TSX VENTURE: TOE) ("Tri Origin" or the "Company"
is pleased to announce that it has staked a large property holding along the south margin of the Abitibi Greenstone Belt in Ontario. These properties were staked on behalf of a new gold and base metal exploration Alliance entered into between Tri Origin and Sumac Mines Ltd. ("Sumac" a subsidiary of Sumitomo Metal Mining Co. Ltd. ("Sumitomo" which was announced by Tri Origin on May 28, 2015. Sumac is funding the acquisition and initial phases of work at these properties to a maximum total expenditure of C$4.5 million. Property acquisition funded by Sumac is part of an initial two year exploration budget of C$1.5 million. Equity interest in the staked claims is held 50% by Sumac and 50% by Tri Origin.
TOE.VN: 0.065 (-0.005)
Beginning of Commercial Production by Sierra Gorda Copper Mine Project in Chile
M2 - Wed Jul 01, 5:24AM CDT
Sumitomo Metal Mining Co., Ltd. ("SMM", Head office: Minato-ku, Tokyo; President: Yoshiaki Nakazato) and Sumitomo Corporation ("SC", Head office: Chuo-ku, Tokyo; President: Kuniharu Nakamura) announced that Sierra Gorda SCM (the project company of the Sierra Gorda Copper Mine Project, Head office: Santiago, Chile), which is jointly owned by SMM, SC and KGHM Polska Miedz S.A. ("KGHM" , a major Polish copper producer (SMM, SC and KGHM own 31.5%, 13.5% and 55% interests respectively), and which completed construction in 2014 and started to produce Copper Concentrates and Molybdenum Concentrates, began commercial production which is based on the criteria that the copper plant has been operating for over 60 days at 65% of its designed capacity and the molybdenum plant has produced molybdenum concentrate with at least 40% molybdenum content at the end of June 2015.
Base Metals Mining in Chile to 2020 - A Focus on the Multi-Billion Dollar Copper Industry
M2 - Thu Nov 06, 8:50AM CST
Research and Markets (http://www.researchandmarkets.com/research/7kv7fd/base_metals) has announced the addition of the "Base Metals Mining in Chile to 2020 - a Focus on the Copper Industry" report to their offering. Base Metals Mining in Chile to 2020 - a Focus on the Copper Industry comprehensively covers the country's historical and forecast data on base metals (copper) mine production, consumption and trade to 2020 and reserves by geographical region. The report also includes drivers and restraints affecting the industry, profiles of major base metals mining companies, information on the major active, exploration and development projects and regulations governing the industry. Chile's copper mine production in 2013 was 5.8 million tonnes (Mt), with the majority originating from the Antofagasta region. Copper mine production is projected to increase over the forecast period, with commencements of new projects and expansions at existing mines. The country's copper mining industry is mostly export-oriented and domestic consumption is very low. Key Highlights: - The mining industry is the mainstay of the Chilean economy, with copper being the most important commodity. Significant investments worth US$112.5 billion, of which copper mining accounts for 30 projects valued at US$86.7 billion, are expected to drive the copper mining industry over the forecast period (2013-2021). - However, falling ore grades, increasing depth of mines, scarcity of skilled mining labor and severe power shortages are major challenges faced by the copper mining industry in Chile. - New copper projects and capacity additions at operating mines will help Chilean copper mine production to grow over the forecast period. Codelco and other operators aim to commence a number of copper projects. The Sierra Gorda project of KGHM Polska Miedz SA, Sumitomo Metal Mining Co. Ltd and Sumitomo Corporation, with production capacity of 220,000t, and Pan Pacific Copper Co. Ltd's Caserones project began operations in 2014. - The mining industry is Chile's largest consumer of electricity, and consumption increased during the last decade; and with upcoming projects, the government predicts severe power shortages by 2017. Energy costs in Chile are high and around 33.3% of demand comes from mining. Key Topics Covered: 1 Executive Summary 2 Base MetalS Mining in Chile 3 Base Metals Mining in Chile - Drivers and Restraints 4 Copper Mining In Chile - Reserves, Production, Consumption and Trade 5 Competitive Landscape 6 Fiscal Regime 7 Appendix For more information visit http://www.researchandmarkets.com/research/7k...ase_metals
Freeport-McMoRan Completes Sale of 13% Interest in Morenci Mine for $1.0 Billion in Cash
BusinessWire - Tue May 31, 9:28AM CDT
Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed its previously announced sale of a 13 percent interest in its Morenci unincorporated joint venture to Sumitomo Metal Mining Co. Ltd. (SMM) for cash consideration of $1.0 billion. The transaction has an effective date of May 31, 2016.
FCX: 13.11 (+0.16)
Tri Origin Stakes Properties on Behalf of Abitibi Gold & Base Metal Exploration Alliance
Marketwired - Wed Sep 23, 10:23AM CDT
Tri Origin Exploration Ltd (TSX VENTURE: TOE) ("Tri Origin" or the "Company"
is pleased to announce that it has staked a large property holding along the south margin of the Abitibi Greenstone Belt in Ontario. These properties were staked on behalf of a new gold and base metal exploration Alliance entered into between Tri Origin and Sumac Mines Ltd. ("Sumac" a subsidiary of Sumitomo Metal Mining Co. Ltd. ("Sumitomo" which was announced by Tri Origin on May 28, 2015. Sumac is funding the acquisition and initial phases of work at these properties to a maximum total expenditure of C$4.5 million. Property acquisition funded by Sumac is part of an initial two year exploration budget of C$1.5 million. Equity interest in the staked claims is held 50% by Sumac and 50% by Tri Origin. TOE.VN: 0.065 (-0.005)
Beginning of Commercial Production by Sierra Gorda Copper Mine Project in Chile
M2 - Wed Jul 01, 5:24AM CDT
Sumitomo Metal Mining Co., Ltd. ("SMM", Head office: Minato-ku, Tokyo; President: Yoshiaki Nakazato) and Sumitomo Corporation ("SC", Head office: Chuo-ku, Tokyo; President: Kuniharu Nakamura) announced that Sierra Gorda SCM (the project company of the Sierra Gorda Copper Mine Project, Head office: Santiago, Chile), which is jointly owned by SMM, SC and KGHM Polska Miedz S.A. ("KGHM"
, a major Polish copper producer (SMM, SC and KGHM own 31.5%, 13.5% and 55% interests respectively), and which completed construction in 2014 and started to produce Copper Concentrates and Molybdenum Concentrates, began commercial production which is based on the criteria that the copper plant has been operating for over 60 days at 65% of its designed capacity and the molybdenum plant has produced molybdenum concentrate with at least 40% molybdenum content at the end of June 2015. Base Metals Mining in Chile to 2020 - A Focus on the Multi-Billion Dollar Copper Industry
M2 - Thu Nov 06, 8:50AM CST
Research and Markets (http://www.researchandmarkets.com/research/7kv7fd/base_metals) has announced the addition of the "Base Metals Mining in Chile to 2020 - a Focus on the Copper Industry" report to their offering. Base Metals Mining in Chile to 2020 - a Focus on the Copper Industry comprehensively covers the country's historical and forecast data on base metals (copper) mine production, consumption and trade to 2020 and reserves by geographical region. The report also includes drivers and restraints affecting the industry, profiles of major base metals mining companies, information on the major active, exploration and development projects and regulations governing the industry. Chile's copper mine production in 2013 was 5.8 million tonnes (Mt), with the majority originating from the Antofagasta region. Copper mine production is projected to increase over the forecast period, with commencements of new projects and expansions at existing mines. The country's copper mining industry is mostly export-oriented and domestic consumption is very low. Key Highlights: - The mining industry is the mainstay of the Chilean economy, with copper being the most important commodity. Significant investments worth US$112.5 billion, of which copper mining accounts for 30 projects valued at US$86.7 billion, are expected to drive the copper mining industry over the forecast period (2013-2021). - However, falling ore grades, increasing depth of mines, scarcity of skilled mining labor and severe power shortages are major challenges faced by the copper mining industry in Chile. - New copper projects and capacity additions at operating mines will help Chilean copper mine production to grow over the forecast period. Codelco and other operators aim to commence a number of copper projects. The Sierra Gorda project of KGHM Polska Miedz SA, Sumitomo Metal Mining Co. Ltd and Sumitomo Corporation, with production capacity of 220,000t, and Pan Pacific Copper Co. Ltd's Caserones project began operations in 2014. - The mining industry is Chile's largest consumer of electricity, and consumption increased during the last decade; and with upcoming projects, the government predicts severe power shortages by 2017. Energy costs in Chile are high and around 33.3% of demand comes from mining. Key Topics Covered: 1 Executive Summary 2 Base MetalS Mining in Chile 3 Base Metals Mining in Chile - Drivers and Restraints 4 Copper Mining In Chile - Reserves, Production, Consumption and Trade 5 Competitive Landscape 6 Fiscal Regime 7 Appendix For more information visit http://www.researchandmarkets.com/research/7k...ase_metals
