TOKYO, June 6 (Reuters) - Japan's Sumitomo Metal Mining Co 5713.T said on Tuesday it had agreed to buy a 27.75 percent interest in the Cote Gold Project from Toronto-based IAMGOLD Corp IMG.TO for US$195 million.
The acquisition is set to be completed by the end of the first half of this fiscal year, in September, it said in a statement. IAMGOLD owns 92.5 percent of the gold development project, located in Ontario, Canada.