# Sumitomo Metal Mining x Rio Tinto: partnership

Canonical ID: `9b447efa-5fb5-463a-b669-86d44c53fe1f`

Rio Tinto and Sumitomo Metal Mining signed a Term Sheet for a joint venture on the Winu copper-gold project in Western Australia. SMM will pay 399 million USD for a 30 percent equity share with Rio Tinto as managing partner and operator.

- **Type:** joint venture
- **Status:** announced
- **Verification posture:** verified

## Parties (2)

- [Sumitomo Metal Mining](https://registry.deploy.report/companies/sumitomo-metal.md) co developer
- Rio Tinto _(off-registry)_ co developer

## Sources (1)

1. https://www.riotinto.com/en/news/releases/2024/rio-tinto-and-sumitomo-metal-mining-to-partner-on-winu-copper-gold-project


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