Sumitomo Metal Mining Co Ltd (5713.T)
Latest Key Developments (Source: Significant Developments)
May 11(Reuters) - Sumitomo Metal Mining Co Ltd <5713.T>:Says current chairman Nobumasa Kemori will resign on June 27. Full Article
May 8 (Reuters) - KGHM Polska Miedz S.A.
Sumitomo Metal Mining Co Ltd <5713.T>: Sumitomo Metal Mining executive says considering Sierra Gorda's phase 2 expansion plan with smaller-than-planned investment Further company coverage: [nL4N1FS1ZT] (Reporting By Yuka Obayashi) ((Yuka.Obayashi@thomsonreuters.com;)). Full Article
Sumitomo Metal Mining Co Ltd <5713.T>:Says it reached agreement with Hitachi Metals Ltd <5486.T>, to cancel business integration regarding lead frame business and wrought copper business. Full Article
Sumitomo Metal Mining Co Ltd <5713.T>: Says the co entered into agreement to sell its owned entire 3.5 percent stake in PT Newmont Nusa Tenggara to PT Amman Mineral .Says transaction price is not disclosed. Full Article
Sumitomo Metal Mining Co Ltd:Says has agreed to transfer all of its shares (7.6 pct) in Vale Nouvelle Calédonie S.A.S that it holds through SUMIC Nickel Netherlands B.V. (SUMIC) to Vale Canada Limited, and concluded a share purchase agreement as such on March 29.Says SUMIC sold all of its shares in Vale Nouvelle Calédonie to Vale Canada and the amount received by the company for the sale of these shares is approximately 8 billion yen. Full Article
Sumitomo Metal Mining updates appeal to Court of Appeals of Solomon Islands regarding Solomon International Tender Case
Sumitomo Metal Mining Co Ltd:Subsidiary SMM Solomon Limited receives judgment from High Court of Solomon Islands on March 21, regarding the appeal filed by subsidiary against Solomon Islands Government and Axiom KB on decision made by High Court of Solomon Islands, on Oct. 24, 2014.According to the judgment, mineral exploration right which was granted by Axiom KB was canceled, while the request of revocation of the right acquired from the international bidding was considered null and void. Full Article
Sumitomo Metal Mining Co Ltd - Chile environmental regulator presses charges against Sierra Gorda mine - Reuters News
Sumitomo Metal Mining Co Ltd:Chile's environmental regulator pressed charges against Sierra Gorda, jointly owned by Poland's KGHM Polska Miedz and Japan's Sumitomo Metal Mining, saying the copper mine could be fined up to $29 million and have its license revoked - RTRS.The SMA regulator said on Tuesday that Sierra Gorda committed seven "serious" and two "mild" environmental infractions.Those infractions include not implementing measures to control emissions, altering the natural habitat for native wildlife, and operating a tailings dam in an unauthorized manner.Sierra Gorda has 10 days to present a compliance plan to the SMA or 15 days to present a legal defense.Sierra Gorda said it is analyzing the document to prepare actions to address the charges."It is fundamental for the company to respond to each of the concerns of the superintendency and ensure a safe, respectful and responsible operation for the environment and communities," Sierra Gorda said in an emailed statement.The head of the SMA has said that mining companies and others investing in Chile can expect increased scrutiny and sanctions if they break environmental rules, as the regulator is being allocated more resources and more inspectors. Full Article
Sumitomo Metal Mining Co Ltd:To buy additional 13 pct interest in Morenci Copper Mine (Arizona, USA), operated by the leading American copper producer Freeport-McMoRan Inc.Says currently owns a 12 pct interest in the mine. Full Article
LIMA, March 13 A strike at Peru's biggest copper mine, Freeport-McMoRan Inc's Cerro Verde, stretched into its fourth day after a meeting between the union and management failed to resolve a dispute over labor demands, a union official said on Monday.