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Latest Sumitomo Corp. of America Stories

2008-06-27 09:02:54

By GABRIELA RICO Sumitomo Corp. of America swaps loan for right to buy stake in project The subsidiary of one of Japan's biggest industrial corporations has thrown its support behind the proposed Rosemont mine near Tucson. Sumitomo Corp. of America - which already has existing investments in Arizona copper mines - has loaned Augusta Resources Corp. $40 million in exchange for the right to negotiate a minority ownership interest in the Rosemont project, Gil Clausen, Augusta's president...


Word of the Day
lambent
  • Licking.
  • Hence Running along or over a surface, as if in the act of licking; flowing over or along; lapping or bathing; softly bright; gleaming.
This word comes the Latin 'lambere,' to lick.
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