Mitsubishi Approves Arizona Copper Project
Mitsubishi Corp has approved the construction of the Copper World mining project in Arizona with an additional equity contribution of 423 million dollars. Production is expected to begin in late 2029 with an average annual output of 100000 tons of copper.
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Mitsubishi Corp approved a $423 million equity contribution to build an Arizona copper mining project, partnering with Hudbay Minerals on Wednesday morning. The move follows an initial $420 million investment for a 30% stake in the project. Total capital outlays for the asset are projected to hit $1.02 billion.
