Mitsubishi joins copper mine project in Chile

Mitsubishi Corp. logo
7:37 JST, June 23, 2023
TOKYO (Jiji Press) — Mitsubishi Corp. said Thursday it will invest 200 million Canadian dollars (¥21.56 billion) in a Vancouver-based company to take part in a copper mine development project in Chile.
The trading house aims to secure supply of copper, a metal used in production of electric vehicles.
Mitsubishi will acquire 5% of Marimaca Copper Corp., which focuses on the copper project in the South American country, a stake set to be increased to 10% within two years. The project is slated to start production around 2030.
"Business" POPULAR ARTICLE
-
Japan’s Nissan Motor to Cut Nearly 2,000 Jobs in U.S. Plants; Will Reduce U.S. Vehicle Production by About 25%
-
Electric Plane to Ship Cargo Between Kyushu Cities in Trial Run, in Hopes of a Greener Delivery Industry
-
Tokyo Auto Salon 2025 Unveils 900 Custom Cars; Features Nissan R32 EV, Honda Hybrid Prelude, Hyundai Inster, many more
-
Fuji Media Holdings Revises Down Its Net Profit Forecast by 66%; Advertising Revenue Projected to Plummet Following Scandal
-
Japan’s Nikkei Stock Sheds over 1,000 Points in Morning (UPDATE 1)
JN ACCESS RANKING