×

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 found new gold deposit at its Hishikari mine in South Japan, which could generate 30 tonnes of gold.

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

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

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

(Reporting by Yuko Inoue; Editing by Michael Watson)

((yuko.inoue@thomsonreuters.com)(81-3-6441-1815)(Reuters

Messaging: yuko.inoue.reuters.com@reuters.net))

Keywords: SUMITOMO MINING/