Sumitomo Corporation - Notice of Changes in Subsidiaries in Relation to the Transfer of the San Cristobal Mine Which Produces Silver, Zinc and Lead in Bolivia
January 23, 2023 at 10:34 am EST
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Sumitomo Corporation announced that it has resolved at its Management Council held on the night of January 21 to transfer the entirety of its interests in three companies, namely its wholly-owned subsidiaries, Comercial Metales Blancos AB (Head Office: Kingdom of Sweden), SC Minerals Bolivia S.R.L. (Head Office: Plurinational State of Bolivia), and Summit Minerals GmbH (hereinafter collectively referred to as the 'Three Holding Companies'), to San Cristobal Mining Inc. ('SCM') in Canada.
Sumitomo Corporation initially participated in the San Cristobal Mine, which produces silver, zinc and lead, in 2006 ('San Cristobal Mine'). Through the Three Holding Companies, Sumitomo Corporation acquired a 100% stake in Minera San Cristobal S.A. (Head Office: Plurinational State of Bolivia, 'Operating Company'), which owns interests in the San Cristobal Mine. The Operating Company falls under a subsidiary specified in Article 166, Paragraph 5 of the Financial Instruments and Exchange Act.
Sumitomo Corporation is a diversified group organized around 7 areas of activity:
- retail distribution of consumer goods (24.4% of net sales): food products, apparel and accessories, pharmaceuticals, building materials, household and decorative items, etc. The group is also developing a real estate business;
- trading of hydrocarbon, mining, chemicals and electronics products (24%): oil, natural gas, copper, gold, silver, zinc, lead, nickel, coal, iron ore, resins, pesticides, petrochemical products, etc.;
- trading of steel products and non ferrous metals (20%): flat and long steel products, tubular products, aluminum products, titanium, etc.;
- distribution of transportation and construction systems and equipments (15.1%): spatial equipments, landing fields, forest machines, motorcycles, mining operating vehicles, etc.;
- telecommunications and multimedia products and services supplies (8.8%): TV wiring, data communication solutions, film distribution services, mobile telephony, Internet access and computing services;
- development and implementation of civil engineering infrastructures (7.6%): power plants, wastewater treatment units, industrial plants, telecommunications centers, etc. The group is also providing logistics services;
- other (0.1%).
Sumitomo Corporation - Notice of Changes in Subsidiaries in Relation to the Transfer of the San Cristobal Mine Which Produces Silver, Zinc and Lead in Bolivia
SUMITOMO CORPORATION 
