![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, August 06, 2012 8:14:57 PM
He represented Sumitomo Metal Mining www.smm.co.jp/E/
in the deal....
MMTE has first rate team here people.
http://www.philippi.cl/wp-content/uploads/2010/11/sierra-gorda-capital.pdf
Quadra FNX Mining Closes Joint Venture with Sumitomo Metal Mining Co.
Deal Announcement
16 May 2011
Major Japanese copper producer acquires 45% of Sierra Gorda mining project
Santiago, Chile, May 16, 2011 – Following many months of negotions, Canada’s Quadra FNX Mining and Japan’s Sumimoto Metal Mining Co. signed a joint venture agreement to invest in the copper and molybdenum mining project located in Sierra Gorda, Chile.
Sumimoto is one of Asia’s largest mining companies and the second largest copper producer in Japan. Under the agreement, Sumimoto will invest USD724 million to own 45% of the project, while Quadra Mining Chile, a Quadra FNX subsidiary, will have the remaining 55%.
The project will begin production in 2014. In its projected 20 years of operation, the mine will have an expected annual production of 730,000 tons of copper concentrate, or about 220,000 tons of cathode copper and molybdenum.
In Chile, Quadra was advised by Antonio Ortúzar V., law partner at Baker & McKenzie who is known for his vast experience in mining financing while Sumitomo was advised by Juan Paulo Bambach of Phillippi Yrarrazabal Pulido & Brunner
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