Sumitomo Corporation

Buenaventura Obtains Key Operating Permit for Yumpag Mine

Retrieved on: 
Monday, March 18, 2024
Mining, Minerals, Natural Resources, BVN, Cerro Verde, PDF, Silver, Partnership, Gold, Copper, Metal, Public expenditure, Sumitomo Corporation, Person, Lima Stock Exchange

(“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, is pleased to announce it has received its final operating permit from the Peruvian Ministry of Energy and Mines to begin production at its Yumpag mine (“Yumpag”).

Key Points: 
  • (“Buenaventura” or “the Company”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company, is pleased to announce it has received its final operating permit from the Peruvian Ministry of Energy and Mines to begin production at its Yumpag mine (“Yumpag”).
  • Leandro Garcia, Buenaventura’s CEO, commented, "Receipt of this final permit for our flagship Yumpag mine represents a significant milestone for Buenaventura and also reflects our proficiency in handling mining projects as well as regulatory processes efficiently and effectively.
  • The final operating permit approval for Buenaventura’s flagship Yumpag mine signifies the culmination of rigorous planning and preparation.
  • This milestone marks the start of 1,000 ton per day uninterrupted mining at Yumpag, enabling Buenaventura to achieve its 2024 production guidance of 6.5 - 7.2 million silver ounces.

Ricoh and ERS Genomics Enter into CRISPR/Cas9 License Agreement

Retrieved on: 
Wednesday, March 13, 2024
Health, Medical Devices, Health Technology, Genetics, Research, Science, Biotechnology, Chiyoda, Tokyo, Ricoh, B cell, Gene editing, Cell, Drug discovery, Intelligence, Acceleration, Patient, RNA, DNA, Acquisition, Messenger, Sumitomo Corporation, IPS, Regenerative medicine, Multinational corporation, Genomics, CRISPR, Drug development, Cas9, Vaccine

Ricoh Company, Ltd. today announced a non-exclusive licensing agreement in the USA and Japan with ERS Genomics Limited ("ERS Genomics") for access to the foundational CRISPR/Cas9 genome editing technology patents managed by ERS Genomics.

Key Points: 
  • Ricoh Company, Ltd. today announced a non-exclusive licensing agreement in the USA and Japan with ERS Genomics Limited ("ERS Genomics") for access to the foundational CRISPR/Cas9 genome editing technology patents managed by ERS Genomics.
  • In 2022, Ricoh completed the acquisition of Elixirgen Scientific, Inc. (Baltimore, Maryland, USA).
  • Ricoh continues to contribute to the acceleration of drug development research through the diverse solutions provided by Elixirgen Scientific.
  • Summit Pharmaceuticals International Corporation (Chiyoda-ku, Tokyo, Japan), a subsidiary of Sumitomo Corporation (Chiyoda-ku, Tokyo, Japan), is the exclusive representative of ERS Genomics in Japan.

MARITIME INDUSTRY LEADERS TO EXPLORE AMMONIA AS MARINE FUEL IN THE US WEST COAST

Retrieved on: 
Friday, March 29, 2024
Toxicity, MOU, Government, Sumitomo Group, Safety, Business, GHG, Port of Oakland, Terminal, Lead, Transport, International Maritime Organization, Fleet Management Limited, Sumitomo Corporation, ABS, American Bureau of Shipping, Multimedia, LNG, Study, AFV, Warehouse

This Study will be conducted at the Port of Oakland, Benicia and nearby major ports in U.S. West Coast.

Key Points: 
  • This Study will be conducted at the Port of Oakland, Benicia and nearby major ports in U.S. West Coast.
  • CALAMCO is a California based cooperative composed of grower members, as well as the largest ammonia distributer in California.
  • Safety assessments are critical to formulate standards for use of ammonia as a marine fuel due to the toxicity of the substance.
  • Dan Stone, President at CALAMCO, said, "We are excited to support the exploration of ammonia bunkering in the US West Coast.

NEC and Sumitomo Corporation Sign Strategic Partnership Agreement to Expand Global Sales of the CropScope Agricultural ICT Platform

Retrieved on: 
Monday, March 4, 2024
Sumitomo Corporation, ICT, Economic development, NEC, Soybean, AI, Fertilizer, Food, Learning, Pandemic, Climate change, Agrochemical, Automation, Data analysis, Knowledge, Agriculture, Sumitomo Group, Food security, Population growth, Partnership

TOKYO, Mar 4, 2024 - (ACN Newswire) - NEC Corporation (TSE: 6701) and Sumitomo Corporation (Sumitomo) have signed a strategic partnership agreement to expand global sales of NEC's agricultural ICT platform CropScope.

Key Points: 
  • TOKYO, Mar 4, 2024 - (ACN Newswire) - NEC Corporation (TSE: 6701) and Sumitomo Corporation (Sumitomo) have signed a strategic partnership agreement to expand global sales of NEC's agricultural ICT platform CropScope.
  • Based on this partnership, NEC and Sumitomo aim to develop markets mainly in South America and the ASEAN region by utilizing Sumitomo's global network.
  • Through this partnership, CropScope is initially being introduced on a trial basis to major sugar companies in Thailand and Brazil.
  • Through this partnership, Sumitomo will utilize its global network to expand CropScope's sales area to Thailand, Brazil, and India, aiming for business growth.

Buenaventura Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Friday, March 1, 2024
Natural Resources, Other Natural Resources, Mining, Minerals, Sumitomo Corporation, Copper, Growth, PDF, COVID-19, Metal, Gold, Public expenditure, Silver, Music, Cerro Verde, Partnership

If you would prefer to receive a call rather than dial in, please register via the following link.

Key Points: 
  • If you would prefer to receive a call rather than dial in, please register via the following link.
  • The phone number provided will be automatically called and connected to the conference without any interruption to the participant.
  • (Please note: Participants will be joined directly to the conference and will hear hold music until the call begins.
  • Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).

BRIA Raises $24M Series A to Pioneer Responsible Visual Generative AI For Enterprises

Retrieved on: 
Wednesday, February 21, 2024
Open Platform, Investment, Sumitomo Corporation, Intel, API, TEL, Intel Capital, Generative, Getty Images, SDK, Head, Privacy, Publicis, Conceptual model, 3D printing

TEL AVIV, Israel, Feb. 21, 2024 /PRNewswire/ -- BRIA, the leading responsible visual generative AI open platform, today announced it has raised $24 million in Series A funding in a round jointly led by GFT Ventures, Intel Capital, and Entrée Capital with additional investors including, Publicis Groupe, Getty Images, Samsung Next, IN venture (Sumitomo Corporation, Japan), Atinum Investment (South Korea), Z Venture Capital (LY Corporation, Japan), Mirae Asset Venture Investment, J-Ventures, and others. The Series A investment will build on BRIA's success and strengthen its rich variety of generative capabilities such as text-to-video facilities, continue to enhance its open platform for developers and build its operations globally.

Key Points: 
  • BRIA's Generative AI Open Platform empowers companies to produce visual content at scale, tailored to their brand identity or visual style.
  • BRIA enables companies to easily tailor their visual requirements and allows developers to seamlessly integrate generative AI capabilities into any existing product, solution, or system as a source code and pre-trained model, API, and SDK.
  • "We are completely behind BRIA's mission to redefine visual generative AI, focusing on a transparent, responsible, and secure process for developing content while providing enterprises with a stronger value proposition in this field.
  • BRIA's approach is focused on building predictable, accurate, safe, and responsible visual generative AI, while simultaneously ensuring the ability to generate tailored unrivaled, high-quality visuals.

Buenaventura Announces Fourth Quarter 2023 Results for Production and Volume Sold per Metal

Retrieved on: 
Wednesday, February 14, 2024
Mining, Minerals, Natural Resources, Sumitomo Corporation, Copper, Zinc, Care and maintenance, Lead, Metal, Acholla, Gold, Public expenditure, Silver, Rosario, Santa Fe, Cerro Verde, Partnership

Increased silver grades within scheduled 2024 mining areas will partially offset the expected processing volume decrease, with an increased silver production relative to 2023.

Key Points: 
  • Increased silver grades within scheduled 2024 mining areas will partially offset the expected processing volume decrease, with an increased silver production relative to 2023.
  • Orcopampa: 2023 gold production slightly exceeded guidance, as ore extracted during the 4Q23 had higher than anticipated gold grades.
  • Coimolache: 2023 gold production exceeded guidance, as optimized leach pad space enabled higher-than-planned volumes of ore treated during 4Q23.
  • 2023 lead and zinc production surpassed guidance while silver production underperformed guidance due to a short-term planning adjustment and to prioritize processing higher value ore production at Yumpag.

Strategic Biofuels and Sumitomo Corporation of Americas Announce Major Investment Commitment

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Environmental quality, LGF, FID, SLB, Caldwell Parish School Board, Joint, Sumitomo Corporation, Carbon, Port, Aviation, CO2, Natural Resources, Quality of life, Forestry, Fortune 500, SAF, EPA, Biofuel, Nature, Renewable energy

COLUMBIA, La. and NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Strategic Biofuels, the leader in developing deeply negative carbon footprint renewable fuel plants, and Sumitomo Corporation of Americas (SCOA), a subsidiary of Sumitomo Corporation, a leading Fortune 500 global trading and business investment company dedicated to sustainability, announced today that they have entered into a Joint Development Agreement for the Louisiana Green Fuels (LGF) project at the Port of Columbia in Caldwell Parish, Louisiana. 

Key Points: 
  • In a decisive strategic shift related to the investment, Strategic Biofuels also unveiled plans to change its primary renewable fuel product to sustainable aviation fuel (SAF).
  • When the LGF project was first announced, Strategic Biofuels garnered recognition for the extraordinarily low carbon footprint of the planned renewable diesel fuel product.
  • "Our partnership with Strategic Biofuels is just another example of our commitment to support the energy transition within the Americas," said Sandro Hasegawa, General Manager, Energy Innovation Initiative Americas at SCOA.
  • This investment commitment from SCOA continues the path from 2023, which was a year of rapid project advancement for LGF.

Buenaventura cordially invites you to its Fourth Quarter 2023 Earnings Conference Call

Retrieved on: 
Tuesday, February 6, 2024
Natural Resources, Other Natural Resources, Mining, Minerals, Partnership, Lima Stock Exchange, PDF, Silver, Cerro Verde, Music, Sumitomo Corporation, Gold, BVN, Person, Video game

(NYSE: BVN; Lima Stock Exchange: BUE.LM) today announces that it will hold its Fourth Quarter 2023 earnings conference call on:

Key Points: 
  • (NYSE: BVN; Lima Stock Exchange: BUE.LM) today announces that it will hold its Fourth Quarter 2023 earnings conference call on:
    Participating in the call to review Buenaventura’s Fourth Quarter 2023 financial and operating results will be Leandro García Raggio, Chief Executive Officer, as well as other members of the senior management team.
  • The fourth quarter results will be issued on Thursday, February 29, 2024, after the market close.
  • To participate in the conference call, please dial:
    Please ask to be joined in the Compañía de Minas Buenaventura’s call.
  • The phone number provided will be automatically called and connected to the conference without any interruption to the participant.

Buenaventura Comments on call of the General Shareholders’ Meeting

Retrieved on: 
Thursday, January 25, 2024
Mining, Minerals, Natural Resources, Lima Stock Exchange, BVN, Antofagasta plc, Cerro Verde, Person, Knowledge, Partnership, Silver, Public expenditure, Gold, Copper, Sumitomo Corporation, PDF, Metal

This amendment would subsequently allow proposing to the General Shareholders' Meeting the appointment of two directors proposed by Antofagasta, taking into consideration the right it has based on the percentage of its owned shares.

Key Points: 
  • This amendment would subsequently allow proposing to the General Shareholders' Meeting the appointment of two directors proposed by Antofagasta, taking into consideration the right it has based on the percentage of its owned shares.
  • In this regard, the Company considers that Antofagasta's contribution to the Board of Directors would add value to its composition, considering its experience and knowledge in the mining sector.
  • is Peru’s largest, publicly traded precious and base metals Company and a major holder of mining rights in Peru.
  • Buenaventura currently operates several mines in Peru (Orcopampa*, Uchucchacua*, Julcani*, Tambomayo*, La Zanja*, El Brocal and Coimolache).