Sumitomo Metal Mining Co, Japan`s largest nickel producer, agreed with Manila-based Taganito Mining Corp. to conduct a joint study on building a $1 billion nickel smelting plant in the Philippines.
Sumitomo Metal Mining would set up a joint venture in 2008 to build a plant with annual production capacity of 30,000 t of nickel, if the study results are favourable, the company said in a statement to the Tokyo Stock Exchange ...(mining-journal.com) ...full story here
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