Sumitomo cuts nickel output forecast in Madagascar due to system glitches
Japanese trading house Sumitomo Corp on Monday slashed its output estimate of nickel at its Ambatovy project in Madagascar due to system glitches.
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Visit: 85
Sumitomo Metal bets on Canadian battery materials firm Nano One
Mining News Pro - Sumitomo Metal Mining (TYO: 5713) is investing $16.9 million ($12.5m) in Canada’s battery materials firm Nano One (TSX: NANO) as part of the Japanese giant’s efforts to find sustainable methods for producing lithium-ion batteries.
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Visit: 101
Sumitomo Metal lifts FY profit forecast on higher gold prices
Mining News Pro - Sumitomo Metal Mining reported a 73% drop in first-quarter profit on Monday, but lifted its full-year profit outlook by 26% thanks to stronger-than-expected gold prices and one-off gains from a weaker yen.
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Rio Tinto, Sumitomo to make low-carbon alumina at Queensland refinery
Mining News Pro - Rio Tinto said on Wednesday it would build a hydrogen plant in Gladstone, Queensland along with Japan’s Sumitomo Corporation, as the miner seeks to minimize carbon emissions at its Yarwun alumina refinery.
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Visit: 127
Rio Tinto, Sumitomo to make low-carbon alumina at Queensland refinery
Mining News Pro - Rio Tinto said on Wednesday it would build a hydrogen plant in Gladstone, Queensland along with Japan’s Sumitomo Corporation, as the miner seeks to minimize carbon emissions at its Yarwun alumina refinery.
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Visit: 195
Sumitomo Metal Mining to produce lithium from 2028
Mining News Pro - Sumitomo Metal Mining will begin producing lithium, a metal used in batteries for electric vehicles, from 2028, the Nikkei business daily reported on Monday.
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Only rare earths miner in US to bypass China in supply deal with Sumitomo
Mining News Pro - US rare earths producer MP Materials (NYSE: MP) has inked a deal with Sumitomo Corp. to supply the Japanese giant with some key elements, such as neodymium and praseodymium, helping the trading house bypass China in EV rare-earth supply chains.
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Sumitomo invests in Perenti tech business
Mining News Pro - Sumitomo has acquired 10 per cent of Perenti Global’s technology informed services business, idoba, for a total of $5.4 million.
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Sumitomo hikes Chile copper project cost estimate by 60%
Mining News Pro - Japan’s Sumitomo Metal Mining Co Ltd and Sumitomo Corp said on Monday they had raised their estimate of the construction cost for the Quebrada Blanca phase 2 (QB2) copper project in Chile to about $7.5 billion from $4.7 billion.
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Visit: 438
Sumitomo notches record profit on higher commodity prices, ups annual outlook
Mining News Pro - Sumitomo Corp reported a record net profit for April-September and lifted its annual forecast by 31%, as a surge in commodity prices and the resumption of nickel output at Madagascar led to a rapid earnings recovery momentum.
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Visit: 820
Sumitomo makes strategic investment in Kenorland Minerals
Mining News Pro - Kenorland Minerals announced Wednesday it has closed a C$5.2 million ($4.2m) strategic investment by Sumitomo Metal Mining Canada Ltd.
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Sumitomo to sell Chilean copper mine stakes to South32 for around $1.5bn
Mining News Pro - Japan’s Sumitomo Metal Mining and Sumitomo Corp agreed to sell their stakes in the Sierra Gorda copper mine in Chile to Australian miner South32 Ltd for around $1.5 billion, the companies said on Thursday.
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Visit: 444
Rio and Sumitomo join forces on hydrogen study
Mining News Pro - Mining major Rio Tinto and Sumitomo will jointly study the construction of a hydrogen pilot plant at Rio’s Yarwun alumina refinery, in Gladstone, and explore the potential use of hydrogen at the refinery.
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Visit: 371
Rio and Sumitomo join forces on hydrogen study
Mining News Pro - Mining major Rio Tinto and Sumitomo will jointly study the construction of a hydrogen pilot plant at Rio’s Yarwun alumina refinery, in Gladstone, and explore the potential use of hydrogen at the refinery.
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Visit: 409
Excitement as Sumitomo becomes AP Ventures’ latest hydrogen economy investor
Mining News Pro - Leading Fortune 500 global trading and business investment company Sumitomo Corporation, which has a strong focus on the hydrogen economy, has become the latest investor in partnership with venture capital company AP Ventures Fund II.
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Visit: 617
Sumitomo to sell stake in Sierra Gorda copper mine
Mining News Pro - Japanese miner Sumitomo Metal said on Thursday it was reviewing its strategic options regarding its minority stake in Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM.
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Visit: 617
Sumitomo predicts record loss as covid-19 hits nickel project
Mining News Pro - Japanese trading house Sumitomo Corp on Friday forecast a record net loss of 150 billion yen ($1.4 billion) for the year to March due to hefty one-off losses including a writedown on its Ambatovy nickel project in Madagascar amid the covid-19 shock.
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Sumitomo scores legal victory in Bolivia
Mining News Pro - Japan’s Sumitomo Corp. scored a legal victory in Bolivia after the country’s top court ruled in favour of the company’s wholly-owned subsidiary, Minera San Cristóbal, in a two-year-long labour dispute.
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Visit: 727
Sumitomo halts mines in Bolivia, Madagascar
Mining News Pro - Japan’s Sumitomo Corp. became on Thursday the latest major diversified miner to temporarily suspend operations at some of its mines to prevent the spread of the novel coronavirus.
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Visit: 1025
Sumitomo says Ambatovy to miss FY18/19 nickel output target
Mining News Pro - TOKYO – Japanese trading house Sumitomo Corp expects that nickel output at its Ambatovy project in Madagascar will likely fall short of its earlier target of 48 000 t in the year to March 2019, its chief financial officer said on Friday.
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Visit: 1034