Sumitomo Metal Mining Co forecast a substantial recovery in demand in the six months commenced October 2009 as customers boost production and surge commodity purchases. For full story, click here
Continue reading "Sumitomo Metal Mining has forecasted recovery in Nickel Demand"
Tuesday, June 2, 2009
By Leia Michele Toovey- Exclusive to Nickel Investing News On Monday, Nickel prices extended last week’s rally; as positive manufacturing data out of China, the world’s third largest economy lifted the base metals. Extra impetus came as the weakening greenback made nickel more economical for holders of other currencies. Many analysts are still trigger shy [...]
Continue reading "Nickel onboard for a base metal rally"
Tuesday, June 2, 2009
Japan’s Sumitomo Metal Mining declared that its 12,000 tonnes per annum high pressure acid leaching nickel processing plant at Coral Bay, Philippines, is working at full commercial capacity. For full story, click here
Continue reading "Japan’s Sumitomo Nickel Plant working at full capacity"
Monday, June 1, 2009
Japan’s Sumitomo Metal Mining Co. Ltd. has completed the $500-million upgrade of its nickel processing plant in Palawan, finally commenced full commercial operation. Antonio K. Espeleta, vice-president for Taganito HPAL Nickel Corp, stated: From 10,000 metric tons per annum, they are now at full capacity of 20,000 metric tons per year in terms of nickel. [...]
Continue reading "Japan’s Sumitomo Nickel Plant has commenced full-scale operations"
Friday, May 29, 2009
Japan’s Sumitomo Metal Mining Co. Ltd. and local holding firm Nickel Asia Corp. declared that it will put up a $3-billion nickel ore processing plant in northeastern Mindanao next year. For full story, click here
Continue reading "Japan’s Sumitomo-led nickel venture to invest $3B"
Thursday, April 30, 2009
Sumitomo Metal Mining Co., Japan’s top gold producer, agreed to purchase a 40 percent stake in Alaska’s Pogo mine from Canada’s Teck Resources Ltd. for $245 million. For full story, click here
Continue reading "Sumitomo Mining to purchase 40% stake in Pogo Mine"
Thursday, April 2, 2009
Sumitomo Metal Mining Co will cut refined nickel production by 23% in April to September 2009 period as compared with a year earlier on dwindling demand from steelmakers. For full story, click here
Continue reading "Sumitomo Metal to cut nickel production by 23% in H1"
Friday, November 21, 2008
Sumitomo Metal Mining Co Ltd jumped 14.8 percent to 690 yen after it said it would buy back up to 10 billion yen worth of its own shares, or 2.8 percent of the outstanding shares. For full story, click here
Continue reading "Sumitomo Metal Mining jumps 14.8 percent"
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Thursday, July 23, 2009