Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) has signed a term sheet with Sumitomo Metal Mining (TSE:5713) for a joint venture to advance the Winu copper-gold project in Western Australia. The partnership ...

MELBOURNE, Australia, December 03, 2024--Rio Tinto and Sumitomo Metal Mining (SMM) have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project, located in the Great Sandy ...

Under the agreements, Rio Tinto will continue to develop and operate Winu, and SMM will pay Rio Tinto up to $430.4 million for a 30% equity share of the project.

Rio Tinto and Sumitomo Metal Mining finalize joint venture for Winu project in Western Australia, with SMM paying up to $430.4 million for 30% stake.

Rio Tinto is keen to sell a stake in Western Australia’s Winu copper project, raising the prospect of a broader consolidation play in the Paterson Province as rival miner Newmont also looks to ...

The Winu project, discovered by Rio Tinto in 2017, is a low-risk, long-life copper-gold deposit with potential for expansion. It is strategically located near Rio Tinto's Pilbara iron ore assets ...

Rio Tinto and Sumitomo Metal Mining Co (SMM) have signed the final joint venture agreements to deliver the Winu copper-gold project, located in the Great Sandy Desert region of Western Australia.

Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) has signed a term sheet with Sumitomo Metal Mining (TSE:5713) for a joint venture to advance the Winu copper-gold project in Western Australia. The partnership ...

Rio Tinto Copper Chief Executive Katie Jackson said: “We share a long history with Sumitomo Metal Mining as partners and deeply value the commitment they will bring to the Winu project.

(RTTNews) - Rio Tinto Plc. (RTPPF.PK, RIO.L, RIO, RTNTF.PK) said that the company and Sumitomo Metal Mining have signed a Term Sheet for a Joint Venture to deliver the Winu copper-gold project ...