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Sumitomo Metal Mining Co., Ltd. 11-3, Shinbashi 5-chome Minato-ku, Tokyo 105 Japan (03) 3436-7701 Fax: (03) 3436-7734. Ownership: Kenorland Minerals, 20%; Sumitomo Metal Mining Co. (SMMYY:OTC), 80%. The company was formerly known as Seika Kogyo (Mining) Co., Ltd. and changed its name to Sumitomo Metal Mining Co., Ltd. in June 1952. copper rods, round copper ingots The Toronto-headquartered mid-tier miner announced June 5 that it's signed a joint venture (J-V) agreement with Sumitomo Metal Mining of Tokyo in a $195-million partnership arrangement.. Sumitomo buys itself a 30 per cent stake in the . As noted, Keevil's family co-owns Temagami Mining, Teck's principal shareholder, with Sumitomo Metal Mining. Presently, Atsushi Idegami occupies the position of Managing Executive Officer & GM-Technology at Sumitomo Metal Mining Co., Ltd. Current positions of Atsushi Idegami. Pogo is the first mine outside of Japan that is operated by Sumitomo Metal Mining. Freeport FCX has agreed to divest its 13% ownership interest in its Morenci unincorporated joint venture to its Japan-based partner, Sumitomo Metal Mining Co., Ltd. ("SMM") for $1 billion in cash. Industry Segment: Metals & Minerals | Word Count: 709 Words Attachment: SMM capex 0222 SUGAR LAND--February 17, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Sumitomo Metal Mining Company Limited (SMM) expects the global battery market to grow significantly in the coming decades, and is rapidly shifting the bulk of its long-term investments toward the development of nickel . "We are pleased to expand our partnership at Morenci with Sumitomo. Sumitomo Metal Mining Co., Ltd. engages in the mining business. leading global law firm herbert smith freehills and its associated indonesian firm hiswara bunjamin & tandjung (hbt) has advised japan's sumitomo metal mining (smm) on successful completion of its joint us$400 million divestment (along with vale canada limited) of a 20% interest in pt vale indonesia tbk (pt vale) to indonesian state-owned … investment (the "Financing") by Sumitomo Metal Mining Canada Ltd . Australian-based Northern Star Resources Ltd. is planning to spend $260 million for sole ownership of the mine, currently controlled by Japanese-based Sumitomo Metal Mining Co. and Sumitomo Corp. Sumitomo is linked to Teck through Temagami and through its own corporate ownership share of the company, 11 and is also represented on Teck's board through Eiichi Fukuda, currently working as president and director of Sumitomo . By Shane Lasley Mining Explorers 2021. . Price vs Fair Value Sustainability Trailing Returns Financials Valuation Operating Performance Dividends Ownership Executive Sponsor Center . Sumitomo's original copper refining method Izumiya then went into the copper mining business and opened the Besshi Copper Mine after obtaining permission from the Tokugawa Shogunate in 1691. Today, SMM's worldwide integrated operations span everything from the most upstream sector of manufacturing to materials used in familiar products; developing, smelting . The Besshi Copper Mine continued operations for 283 years, forming the backbone of Sumitomo's business. The Project is a 70:30 joint venture between IAMGOLD, as the operator, and Sumitomo Metal Mining Co., Ltd. It operates through the following segments: Mineral Resources, Smelting and Refining, Materials, and Others. North of 60 Mining News archives search page . About the company Rewards PE ratio (7x) is below the JP market (12.5x) Earnings grew by 302% over the past year Risk Analysis In a statement issued by the company, Richard C. Adkerson, FCX's President and Chief Executive Officer, said, "We. Sumitomo Metal Mining Co Ltd. S19. DLA Piper Canada acted for Sumitomo in the transaction which involved Sumitomo and IAMGOLD establishing a strategic joint venture concurrent with the acquisition by Sumitomo of a 30% participating interest in IAMGOLD's ownership of the Côté Gold Project in Ontario for USD $195 million in June 2017. (155) stories found containing 'sumitomo metal mining' Sorted by date Results 1 - 25 of 155. This transaction represents an important initial step toward our objective to accelerate debt reduction and restores our balance sheet, while retaining a . ("Sumitomo"). Comments on the ownership information. During its first full year of complete ownership, Sumitomo produced 383,434 ounces of gold at Pogo, while continuing to make improvements on the environmental and safety fronts. About Sumitomo Metal Mining Co., Ltd. Sumitomo Metal Mining Co., Ltd. is a Japan based company with approximately $7.3 billion in revenue in fiscal year ending March 31, 2017. Presenter SpeechDaiji Toyama Now we'd like to start the telephone conference of Sumitomo Metal and Mining for the announcement of its financial results for the year ended March 31, 2021. The Cote gold project in Canada, in which SMM has a stake, is scheduled to begin production in the first half of 2023. Sumitomo Metal Mining Co., Ltd. engages in the mining business. Sumitomo Metal Mining has its headquarters in Tokyo, Japan and is listed on the Tokyo stock exchange. Sumitomo Metal Mining Co Ltd develops and mines non-ferrous metals in Japan and overseas. Sumitomo Metal Mining Co. Ltd. has agreed to sell off a portion of the shares it held in the Republic of Indonesia's PT Vale Indonesia Tbk, along with its holding in Vale Canada Ltd. to the Republic of Indonesia's PT Indonesia Asahan Aluminium (Persero) 1. Effective ownership: 64.75% IAMGOLD, 27.75% Sumitomo Metal Mining, and 7.5% other interest. The Company is primarily focused on the development and mining of non-ferrous metals, and produces and markets copper, gold, nickel, and other precious metals. IAMGOLD Corp has entered into an Investment Agreement with Sumitomo Metal Mining Co, a Tokyo, Japan-based mining company and a global leader in the development and mining of non-ferrous metals, and a wholly-owned subsidiary of Sumitomo, whereby IAMGOLD will form a joint venture with Sumitomo. Ownership. Find the latest Institutional Holdings data for Sumitomo Metal Mining Co. Ltd. ADR (SMMYY) at Nasdaq.com. 7 Ownership Information 5713 Stock Overview Sumitomo Metal Mining Co., Ltd., together with its subsidiaries, engages in mining, smelting, and refining non-ferrous metals in Japan and internationally. It operates through the following segments: Mineral Resources, Smelting and Refining, Materials, and Others. My name is. The company hopes to build on this endeavor by expanding its mining business worldwide. Sumitomo Metal Mining Co., Ltd. was founded in 1590 and is . Sumitomo Metal Mining Co., Ltd. engages in the mining business. The company provides metal products, including copper, nickel/cobalt, gold/precious metal, and . Sumitomo Metal Mining Co Ltd has three core operating segments, namely mineral resources, smelting and refining, and materials. Supporting Company through membership of ICMM Statement of support Vale Canada will then hold 44.3% and SMM 1 Sumitomo Metal Mining saw a decrease in short interest in the month of January. Mine Address: Phelps Dodge Corporation Morenci, Az 85540 Corporate Headquarters: Phelps Dodge Corp. 2600 N. Central Ave. Phoenix, Az 85004 Sumitomo Metal Mining Co Purchased 15% Of Morenci-Metcalf Property For $75,000,000 In Early 1986. Ownership The Master Trust Bank of Japan Ltd, 11.36% Custody Bank of Japan Ltd, 7.02% Toyota Motor Corp, 4.02% . Copper refining made the company famous. Ownership; Sumitomo Metal Mining Co., Ltd: 15.7 %: Indirect: PT Indonesia Asahan Aluminium (Persero) 20 %: Indirect: Vale S.A. 44.3 %: Indirect: We indirectly hold approximately 45% of PTVI's share capital, Sumitomo Metal Mining Co. and an affiliate hold approximately 15%, PT Indonesia Asahan Aluminium (Persero) (''Inalum'') holds 20% . Morenci is an open-pit, copper mine . It is listed on three Japanese stock exchanges (Tokyo, Nagoya and Fukuoka) and is a constituent of the . Sumitomo will pay an aggregate $195 million to . Country of residence : Unknown. Sumitomo Metal Mining (OTCMKTS:SMMYY) and Aftermath Silver (OTCMKTS:AAGFF) are both basic materials companies, but which is the better stock?We will contrast the two companies based on the strength of their community ranking, dividends, earnings, valuation, institutional ownership, risk, analyst recommendations, media sentiment and profitability. South32 is an Australian diversified metals and mining company that will take over co-ownership of Sierra Gorda alongside Poland's KGHM Polska Miedz S.A. Sierra Gorda is expected to produce roughly 180,000 metric tons of copper this year. In addition, Sumitomo will be allowed to acquire an equity position of between 21% and . Sumitomo Corporation (Japanese: 住友商事株式会社, Hepburn: Sumitomo Shōji kabushiki gaisha) is one of the largest worldwide Sogo shosha general trading companies, and is a diversified corporation.The company was incorporated in 1919 and is a member company of the Sumitomo Group.. Sumitomo will pay an aggregate $195 million to . Mid-tier gold development and exploration company Gold Road Resources has signed a sale agreement to acquire joint venture (JV) partner Sumitomo Metal Mining Oceania's 50% interest in the South . The mineral resources business is engaged in exploration, development, production and sale of non-ferrous metals, primarily in Japan. Vancouver, British Columbia, November 3, 2021 - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: NWRCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce the closing of a $5.2 million strategic investment (the "Financing") by Sumitomo Metal Mining Canada Ltd. ("Sumitomo"). at sumitomo metal mining, our corporate philosophy incorporates sustainable co-existence with the global environment and respect for all individuals, and with the goal of achieving our long-term vision of becoming the world leader in the non-ferrous metals industry, we aim to maximize our corporate value by contributing to the resolution of … Shareholders Meeting (Business Reports) Back number. Sumitomo bought out Teck Resources Ltd.'s 40 percent ownership interest in Pogo last year, and 2010 will mark the first full year that the mine is operated by the Japanese firm. FAIRBANKS, Alaska (AP) — Ownership of a large gold mine southeast of Fairbanks is being transferred to an Australia-based gold mining company. View detailed 5713.JP description & address.

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