Sumitomo Corporation (SSUMF)

OTC Markets OTCPK - OTC Markets OTCPK Delayed Price. Currency in USD

20.45

0.00

(0.00%)

At close: 03:00PM EST

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Reuters
Sumitomo resumes production at Madagascar's nickel project
TOKYO (Reuters) -Japanese trading house Sumitomo Corp said on Thursday it was slowly resuming production at the Ambatovy nickel and cobalt project in Madagascar after last month's pipeline issue and is reviewing future output volumes. Sumitomo has been struggling to stabilise production and improve profitability at the Ambatovy project, which launched in 2005. "Our priority for the Ambatovy is to normalize production by addressing operational issues," Chief Executive Shingo Ueno told a news conference.
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