Friday, June 15, 2007

Sumitomo takes stake in Canadian metals company

(Reuters) - Augusta is currently conducting a feasibility study at the
Rosemont copper project about 50 km southeast of Tucson, Arizona,
which holds deposits of copper, silver and molybdenum -- a rare
metal typically used in car parts and consumer electronic
products.




Sumitomo, the third-biggest trading company in Japan, said in
a statement that it aims to build up a long-term partnership with
Augusta for the development of the Rosemont project.


Read more at Reuters.com Mergers News

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