Mining News: Sumitomo closes sale, takes over at PogoJapanese conglomerate views Alaska gold mine as major investment in its strategy to become a major force in nonferrous metals Rose Ragsdale For Mining News
Teck Resources Ltd. and affiliates of Sumitomo Metal Mining Co. Ltd. and Sumitomo Corp. said they completed the sale of Teck’s 40 percent interest in the Pogo Gold Mine in Interior Alaska July 7 after several months of negotiations.
The transaction, first announced April 30, required the Japanese c....
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