Rio Tinto sells copper mine stake to Sumitomo for $399 million
Sumitomo is slated to acquire a 30% equity share of the Winu project in Australia.
Strong copper demand from China and other emerging countries, together with steady improvements in North America and Europe, have resulted in a “very tight” global copper market, Freeport-McMoRan Copper & Gold CEO Richard Adkerson said on Thursday. Mining Weekly reports:
