Sumitomo Mining says finds new gold deposit in south Japan

TOKYO, Oct 9 (Reuters) - Sumitomo Metal Mining Co ,a major Japanese non-ferrous metal producer, said it had foundnew gold deposit at its Hishikari mine in South Japan, whichcould generate 30 tonnes of gold.

Sumitomo Mining, which is also a majority owner of Pogo goldmine in Alaska, is currently producing 7.5 tonnes of gold a yearat the Hishikari mine for use mainly in electronics parts.

Sumitomo produces 10 to 11 tonnes a year of gold at the Pogomine.

The deposit is worth about $1.9 billion at Tuesday's marketprice. For gold price: . For latest gold report click

(Reporting by Yuko Inoue; Editing by Michael Watson)


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