11 de mayo de 2017 / 7:33 / hace 6 meses

BRIEF-Sumitomo Metal Mining: assume nickel price at $4.75 per pound in fy2017/18, against $4.56 a year earlier

May 11 (Reuters) - Sumitomo Metal Mining Co Ltd Senior Managing Executive Officer Mikinobu Ogata:

* assumes nickel price at $4.75 per pound in fy2017/18, against $4.56 a year earlier

* nickel price gains to be limited in fy2017/18 due to possible change in Philippines’ mining policy and export from Indonesia

* still considering investing in phase 1 of Sierra Gorda copper project to boost output capacity

* no plans now to resume purchase of nickel ore from Indonesia due to low grade

* willing to resume buying copper ore from Freeport’s mine in Indonesia if possible

* assume copper price at $5,800/t in fy2017/18, versus $5,154/t a year earlier Further company coverage: (Reporting by Yuka Obayashi)

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