Quantcast

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
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.