TOKYO -- Japanese trading group Mitsubishi Corp. will participate in the development of a new copper mine in Chile by investing in a Canadian mining company, as demand grows for the metal critical to electric vehicles and offshore wind farms.
Mitsubishi will acquire a roughly 5% stake in Marimaca Copper through a private placement of new shares for 20 million Canadian dollars ($15.1 million). Under the agreement, announced by Marimaca on Wednesday, Mitsubishi can raise its interest to about 10% depending on business progress.
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June 26, 2023 at 11:36AM
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Mitsubishi Corp. digs for copper profits in Chile with Canadian miner - Nikkei Asia
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