Sumitomo agrees to buy Minto copper con

 

Last updated 9/26/2019 at 7:11pm

Sumitomo Pembridge Resources Minto Mine copper concentrates deal Yukon

Capstone Mining Corp.

A truckload of copper concentrates from the Minto Mine is being barged across the Yukon River on its way to the Skagway Ore Terminal in Southeast Alaska.

Pembridge Resources PLC July 22 announced that it has cut a deal with Sumitomo Corp. for copper concentrates from its newly acquired Minto Mine in the Yukon.

Under this offtake agreement, Pembridge is to receive an advanced payment for at least 55,000 metric tons of copper concentrate produced by the Minto mine between now and the end of 2020.

Sumitomo will make this advanced payment in monthly...



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