{"id":10875,"date":"2025-08-18T14:06:28","date_gmt":"2025-08-18T14:06:28","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=10875"},"modified":"2025-09-02T14:08:05","modified_gmt":"2025-09-02T14:08:05","slug":"mitsubishi-corp-becomes-jv-partner-in-copper-world","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2025\/08\/18\/mitsubishi-corp-becomes-jv-partner-in-copper-world\/","title":{"rendered":"Mitsubishi Corp. becomes JV partner in Copper World"},"content":{"rendered":"
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Mitsubishi Corporation has agreed to acquire a 30% interest in Copper World LLC, a wholly-owned subsidiary of Hudbay Minerals, for an initial cash contribution of $600 million. The company owns the Copper World project in Arizona.<\/p>\n\n\n\n

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\u201cSecuring Mitsubishi as a 30% partner in Copper World is an important milestone for Hudbay as we establish a long-term strategic partnership to advance this high-quality copper project towards sanctioning and to unlock significant value in our copper growth portfolio,” said Peter Kukielski, Hudbay president and chief executive officer.<\/p>\n<\/blockquote>\n\n\n\n

\u201cThrough this partnership, we will leverage our complementary strengths to deliver our world-class Copper World project, produce domestic copper in the U.S. for the U.S. critical minerals supply chain, and create value for all our stakeholders.\u201d<\/p>\n\n\n\n

Copper World is expected to produce 85,000 tonnes of copper per year over an initial 20-year mine life. Mitsubishi will contribute 30% of the ongoing costs starting August 31, 2025, and will participate in the funding of a definitive feasibility study as well as the final project design, project financing, and project construction for the mine project.<\/p>\n\n\n\n

Source: <\/em>Hudbay Minerals<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mitsubishi Corporation has agreed to acquire a 30% interest in Copper World LLC, a wholly-owned subsidiary of Hudbay Minerals, for an initial cash contribution of $600 million. The company owns the Copper World project in Arizona. \u201cSecuring Mitsubishi as a 30% partner in Copper World is an important milestone for Hudbay as we establish a long-term strategic partnership to advance…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495,8],"tags":[1229,4004],"coauthors":[1644],"class_list":["post-10875","post","type-post","status-publish","format-standard","hentry","category-latest-news","category-miners-news","tag-copper-world","tag-mitsubishi-corporation"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t