Partnership
Sumitomo Metal Mining x Rio Tinto
Rio Tinto and Sumitomo Metal Mining signed a Term Sheet for a joint venture on the Winu copper-gold project in Western Australia. SMM will pay 399 million USD for a 30 percent equity share with Rio Tinto as managing partner and operator.
joint venture · Announced · operating
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9b447efa-5fb5-463a-b669-86d44c53fe1f- Type
- joint venture
- Status
- Announcedoperating
Who’s involved
Sumitomo Metal Miningco developer
Sumitomo Metal Mining (TSE: 5713) is a Japanese mining and smelting company producing copper, nickel, and rare earth metals essential for battery and semiconductor manufacturing in autonomous systems.
Off-registry parties
- Rio Tinto · co developer
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