Mitsubishi Increases Stake in Quellaveco

Anglo American has agreed to Mitsubishi Corp.’s proposed $600 million acquisition of a 21.9% equity interest in Anglo American Quellaveco S.A., which owns the Quellaveco copper project in Peru. Mitsubishi already holds an 18.1% interest in the project and, following closing of this transaction, Mitsubishi’s interest will increase to 40%. Anglo will retain 60%.
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