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JX Nippon to buy partner's stakes in Chile's copper mine

9th November 2020

By: Reuters

  

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TOKYO – JX Nippon Mining & Metals, the metal unit of Eneos Holdings, said on Monday it has agreed to buy the stakes in its Caserones copper mine in Chile owned by its partners Mitsui & Co and Mitsui Mining and Smelting 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.

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Edited by Reuters

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