Sumitomo plans to quickly prepare for the Peruvian Copper Project

Published: Jun 22, 2018 09:40

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SMM: according to Bloomberg, JPMorgan Chase said Sumitomo Bank could be closely involved in the feasibility study in preparation for rapid financing and construction of a copper project at the Yanacocha gold mine in Peru.

Due to the transition to copper and uncertainty about the potential of the deposit, it is reasonable for Sumitomo to pay 5 per cent to Yanacocha, while Yanacocha partners are likely to seek synergies with surrounding property owners.

SMM translated from Bloomberg, if you have copyright issues, please contact us! )

Copper Peru Sumitomo capacity

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