Sumitomo Metal Mining Boosts Perth Subsidiary to Join Winu Copper-Gold Project

MT Newswires Live

10/20

Sumitomo Metal Mining (TYO:5713) will increase the capital of its subsidiary SMM Perth Pty Ltd., making it a specified subsidiary, to fund its planned 30% stake in the Winu copper-gold project in Western Australia, owned by a Rio Tinto (ASX:RIO) subsidiary, according to a Monday filing on the Tokyo Stock Exchange.

The capital injection, totaling $197.8 million and AU$104 million, will ensure SMM Perth can participate in the project once regulatory approvals are obtained. SMM Perth, wholly owned by Sumitomo Metal Mining, was established in January.

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SMM Perth, wholly owned by <a href=\"https://laohu8.com/S/STMNF\">Sumitomo Metal</a> Mining, was established in January.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RIO.AU","symbol_name":"力拓","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2576839501","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576839501","pubTimestamp":1760948396,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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