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Rio sells $399m stake in Winu copper project to Sumitomo

Diversified mining company Rio Tinto announced on Wednesday that it would sell a 30% stake in its Winu copper/gold project to Japan’s Sumitomo Metal Mining (SMM) for $399-million.Under the terms of the deal, SMM would pay $195-million upfront and $20

By: miningweekly

  • Dec 04 2024
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