Sumitomo’s Nickel Project to Begin Production in March

Bloomberg reported Sumitomo Corp. (TYO:8053) will begin production at its Ambatovy nickel mine in Madagascar in March.

As quoted in the market news:

The project will begin production next month and will have operation rates above 70 percent by the end of this year, Kuniharu Nakamura, managing executive officer, told reporters at a conference today. The mine will produce 60,000 metric tons a year from 2013, he said.

Click here to read the full Bloomberg report.