Japanese enter Paterson province as Greatland counts the minutes to Newmont deal closing
December 4 could be remembered as a day that reshaped Western Australia's Paterson province, with Sumitomo agreeing to enter the Winu project and Greatland Gold counting down until it gets the keys to Newmont's assets in the region.Rio Tinto and Sumitomo have signed an exclusive agreement that aims to deliver the Japanese conglomerate a 30% stake in the 7.9 million ounce gold and 2.
"This is a unique opportunity to derisk our investment as we work with an experienced partner. We look forward to working more broadly as strategic partners to find new ways to deliver value across the metals and minerals supply chain," she said.The parties have also entered into a letter of intent to develop a broader strategic partnership to work together to explore opportunities for commercial, technical and strategic collaboration across copper, other base metals, and lithium.
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