Hi Imsupertrader
I must disagree, SMM has a long history of Joint Ventures
Quote:
The Ambatovy Project, One of the World's Largest Nickel Mining Projects
Sumitomo Corporation joined the Ambatovy Project in October 2005. The goal was to develop a large-scale, world-class nickel mine and establish an integrated production system encompassing all stages from mining to refinery in a single country. This unique, exceptionally large integrated production project is managed and operated in partnership by four corporations from three countries: two Canadian companies, one specializing in mining and the other in engineering, a South Korean state-owned resource development corporation, and Sumitomo Corporation. The unprecedented scale of this international joint venture for nickel development is one aspect of the project that has generated a host of headlines. Another significant feature is the fact that this is the first ever resource development project in which Japan and South Korea, two of the world's biggest nickel consumers, have entered into partnership.
http://www.sumitomocorp.co.jp/english/business/article/id=235
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