Rebels Raid Sumitomo Metal Mining’s Philippines Nickel Mine

Bloomberg reported Sumitomo Metal Mining Co. (TYO:5713) said rebels raided its Taganito nickel mining project in the Philippines.

The market news is quoted as saying,

The Tokyo-based company is investing $1.3 billion in the project to boost nickel production. Sumitomo Metal Mining said last September it planned to start operations at the mine in August 2013.

For the complete market news, click here.