Japanese firms budget US$17M on expanding high-grade gold finds near mine
Continuing its success in finding new deposits of high-grade gold in the shadow of the mill at the Pogo Mine located in Interior Alaska, Sumitomo Metal Mining Pogo - a joint venture between Sumitomo Metal Mining Company (85 percent) and Sumitomo Corp. (15 percent) - ramped up exploration spending at its Interior Alaska operation to US$17 million in 2014.
"Some of the companies are reducing their e...
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