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Rio Tinto and Sumitomo Metal Mining signed a definitive joint venture agreement for the Winu copper-gold project in Western Australia. Sumitomo will pay up to $430.4 million for a 30% stake.
“Our partnership with SMM began in 2000 when we collaborated at the Northparkes mine in New South Wales, and we look forward to bringing our combined experience and expertise to the Winu project.”news.metal.com
Summarized from public sources; check the original articles before acting on it.