Brief: Rio Tinto And Sumitomo Partner On Winu Copper-Gold Project

Sumitomo Metal Mining

03/12/2024 22:01

Dec 4 (Reuters) - Rio Tinto Ltd  RIO.AX :
    * RIO TINTO AND SUMITOMO PARTNER ON WINU COPPER-GOLD PROJECT
    * SIGNED A TERM SHEET FOR A JOINT VENTURE TO DELIVER WINU
COPPER-GOLD PROJECT
    * RIO TINTO WILL CONTINUE TO DEVELOP WINU AS MANAGING
PARTNER AND
SMM WILL PAY RIO TINTO $399 MILLION FOR A 30% EQUITY SHARE OF
PROJECT
    * CO & SMM WILL WORK TO FINALISE DEFINITIVE AGREEMENTS FOR
WINU
PROJECT JV IN H1 2025


Further company coverage:  RIO.AX 

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