Rio Tinto and Sumitomo Metal Mining to partner on Winu copper-gold project
12/03/24, 9:27 PM
Location
londonMoney
$399 million
Industry
mining
Type
partnership
Rio Tinto and Sumitomo Metal Mining have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project in Western Australia. The partnership involves an equity share investment of $399 million by Sumitomo Metal Mining and a broader strategic collaboration across copper, other base metals, and lithium.
Company Info
Location
london, england, united kingdom
Additional Info
Rio Tinto PLC ADR is a leading global mining and metals company with a diverse portfolio of high-quality assets across commodities. The company has a strong focus on sustainable and responsible mining practices, and it is committed to delivering value from its operations while contributing to the well-being of the communities in which it operates.