Japan's Mitsui to raise stake in Chile's Collahuasi copper mine [Reuters]
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Source: Reuters
Japan's Mitsui to raise stake in Chile's Collahuasi copper mine | Reuters Reuters Staff 1 Min Read TOKYO (Reuters) - Japanese trading house Mitsui & Co Ltd ( 8031.T ) said on Friday it will raise its stake in Collahuasi copper mine in Chile to 11.03 percent from 7.43 percent by buying a stake owned by JX Nippon Mining & Metals, a unit of JXTG Holdings Inc ( 5020.T ). Mitsui will also sell its entire 1.25 percent stake in Chile’s Los Pelambres copper mine to Japanese miner JX Mining and Japanese trading company Marubeni Corp ( 8002.T ), it said. After the deal, JX’s holding in Los Pelambres will rise to 15.79 percent from 15 percent, and Marubeni’s stake will rise to 9.21 percent from 8.75 percent, according to JX and Marubeni. Reporting by Yuka Obayashi; Editing by Tom Hogue All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved. Japan's Mitsui to raise stake in Chile's Collahuasi copper min
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