Japanese mining giant Sumitomo Metal Mining Co. Ltd (SMM) has announced that it reached a policy decision on June 15 at its board of directors' meeting to establish a new company to take over operations in the manufacture of crude zinc oxide currently performed by SMM's Shisaka Plant located in Shisakajima, Miyakubo-cho, Imabari-shi, Ehime.
The transfer of operations will occur in the form of a spin-off effective as of October 1, 2010.