Sumitomo Metal Mining announced on Tuesday the firm launched the operation of subsidiary in Sao Paulo, Brazil. The functional company seeks local mining information and opportunity in exploration activity in the mineral rich country for potential competitive mining assets in copper, gold and nickel.
Sumitomo Metal Mining controls 99% of the subsidiary, Sumitomo Metal Mining do Brazil with 1.310 million real of capital or around 56 million yen. Sumitomo Metal Mining America has 1% share in the subsidiary. The subsidiary has one technical staff and one office staff.Japan Steel Scrap Composite Prices (Sangyo Press)
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