Quadra FNX Mining, Sumitomo Metal Mining and Sumitomo Corporation have formed a joint venture (JV) to develop the Sierra Gorda copper-molybdenum project in Chile.

Sumitomo will hold a 45% interest in the JV and Quadra FNX will hold the remaining 55% interest.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Quadra FNX will conduct mining activities through its subsidiary Sierra Gorda SCM (SGJV).

Sumitomo has contributed $360m to SGJV as part of its initial $724m funding and Quadra FNX was reimbursed $167m for amounts advanced by it to SGJV from May 2011 to closing.

Currently Quadra FNX has a cash balance of about $1.1bn, excluding its 55% share of cash in SGJV.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.