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Sumitomo takes idoba stake

GLOBAL trader and investment company Sumitomo Corporation has bolstered the trend of companies investing in data-related mining technology players by spending $5.4 million to buy 10% of Perenti’s technology informed services business idoba.

Noel Dyson
Sumitomo has bought a 10% stake in idoba for $5.4 million.

Sumitomo has bought a 10% stake in idoba for $5.4 million.

There has been growing attention being paid to mining data-related businesses as the realities of mining's place in the energy transition start to become recognised. Arguably the biggest indication...

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