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)
Keywords: SUMITOMO MINING/