JX Nippon Mining to buy partner's stakes in Chile's Caserones copper mine
09/11/2020 06:17
TOKYO, Nov 9 (Reuters) - JX Nippon Mining & Metals Corp, the
metal unit of Eneos Holdings 5020.T , said on Monday it has
agreed to buy the stakes in its Caserones copper mine in Chile
owned by its partners Mitsui & Co 8031.T and Mitsui Mining and
Smelting 5706.T for an undisclosed sum.
After the deal, JX Nippon Mining aims to maintain and expand
production volume and extend the life of Caserones by investing
in automation using advanced technology, it said in a statement.
(Reporting by Yuka Obayashi; Editing by Christian Schmollinger)
((Yuka.Obayashi@thomsonreuters.com; +813-4563-2761;))