Quadra FNX and Sumitomo form US$724 million joint venture ...
May 16, 2011 · Quadra FNX Mining announced on Sunday a US$724 million joint venture with Sumitomo Corporation to develop the Sierra Gorda copper-molybdenum project in Chile. The total cost of the mine is...
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Quadra FNX Partners With Sumitomo & Announces Feasibility ...
May 15, 2011 · holder of Sierra Gorda, Minera Quadra Chile Limitada ("MQCL"), which will be owned 55% by Quadra FNX and 45% by Sumitomo. -- Quadra FNX will earn a service fee for operational and technical support...
Japans Sumitomo to invest $724 mil in Chile copper mine ...
Japans Sumitomo Metal Mining and Sumitomo Corporation said Monday theywill invest $724 million to acquire a 45% stake in Minera Quadra Chile Ltda,which owns the Sierra Gorda copper-molybdenum mining project in Chile. Development of the project is expected at about $2.9 billion.
KGHM Extending Reach with Offer for Quadra FNX | E & MJ
Jan 20, 2012 · Sumitomo owns a 45% stake in Sierra Gorda. Quadra FNX exploration projects include the Kirkwood, Falconbridge and Foy projects in the Sudbury region in Canada. The company also owns a minority stake in Capstone Mining. The Sierra Gorda project hosts 1.3 billion mt of copper-gold-molybdenum ore in proven and probable reserves.
KGHM says phase two of Sierra Gorda copper mine in Chile ...
May 11, 2017 · Sierra Gorda, a joint venture 55% owned by KGHM and 45% by Japan’s Sumitomo Metal Mining Co Ltd, began production in July 2014 with an expected output of 220,000 tonnes of copper a year once the...
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Sumitomo Metal Mining cuts 2016 Sierra Gorda copper output ...
Nov 11, 2016 · TOKYO, Nov 11 (Reuters) - Japans Sumitomo Metal Mining Co Ltd on Friday cut the 2016 output estimate for its Sierra Gorda copper mine in Chile by 5 percent due to a slower-than-expected ramp-up. The Japanese miner, which owns a 31.5 percent stake in the Sierra Gorda, now expects 92,000 tonnes in copper concentrate production in 2016, down from ...
UPDATE 3-Quadra, Sumitomo team up on Chilean copper ...
May 16, 2011 · Sumitomo Metal, Japan’s No. 2 copper producer, and trading house Sumitomo Corp will invest $724 million in exchange for a 45 percent stake in the Chilean copper project.
Sierra Gorda | KGHM Corporate Website
The mineralisation of Sierra Gorda was discovered in 2006, and since September 2011, the project has been a joint venture currently controlled by KGHM Polska Miedź S.A. (55%), Sumitomo Metal Mining (31.5%) and Sumitomo Corporation (13.5%). Successive removal of the overburden in order to access the deposit began in 2012 and lasted for two years.
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Sumitomo Metal Mining : Notice regarding Impairment Loss ...
SMM Sierra Gorda Inversiones Limitada (headquarters: Santiago, Chile; hereinafter "the joint venture"), a joint venture between Sumitomo Metal Mining and Sumitomo Corporation (headquarters: Chuo-ku, Tokyo), owns a 45% share of the mine management company.
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Sumitomo sees Ambatovy, Sierra Gorda metal projects ...
May 23, 2018 · Sumitomo owns 47.7 percent of Ambatovy and 13.5 percent of Sierra Gorda. Hit by technical problems and damages caused by cyclone, Sumitomo has booked a total impairment loss of 77 billion yen on...
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Dec 12, 2014 · Sumitomo Metal Mining Co., Ltd. (Japan) and Sumitomo Corporation(Japan) in its acquisition of a 45% stake in the Sierra Gorda project in Chile from Quadra FNX Mining Ltd…
PROJECT FOCUS: Sierra Gorda to help KGHM move down the ...
In the event, KGHM was outbid by Sumitomo Corp and its subsidiary, Sumitomo Metal Mining, which collectively took a 45% stake in the project in 2011 in return for a $724 million capex commitment and a $1 billion non-recourse loan.
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