Why are so many foreign companies investing in
Today we hear that Sumitomo Corp. of America has loaned Augusta Resources Corp. $40 million in exchange for the right to negotiate a minority ownership interest in the Rosemont project [right: credit, Rosemont Copper].
Sterlite Industries of India is bidding to take over Asarco from Grupo
The giant Resolution Copper project is a joint venture between Australian BHP
Sumitomo already has a 15% stake in
These are just a few high profile examples. What it indicates is that other nations are taking strategic actions to ensure long-term supplies of mineral resources in a world of increasing demand and competition. It also means that