Mitsui Mining to sell stake in Collahuasi copper mine in Chile

Japan’s Mitsui Mining and Smelting (MMS) has agreed to offload its 0.97% stake in the Collahuasi copper mine in Chile to its parent company, Japanese trading firm Mitsui & Co.The agreement, which forms part of a business portfolio restructuring, will increase Mitsui’s stake in the Collahuasi mine to 12%. The financial terms of the deal were undisclosed. The deal is planned to be completed by the end of March.

Source: Mining Technology