July 2023
Mitsubishi Invests CAD $20m In Marimaca
Mitsubishi Corp has reportedly injected CAD $20M into Marimaca, a company developing the Marimaca Copper Project in Chile’s Antofagasta region, prompting a 2.2% boost in Marimaca’s share value. Hayden Locke, CEO of Marimaca, believes that the investment will facilitate company’s progress towards a feasibility study and permitting. According to the feasibility study, the company may produce 50kt of copper cathodes annually for at least 15 years. Locke also said that the strategic location of the project will pave the way for it to be among the lowest carbon intensity copper producers in the industry.
Source: https://miningdigital.com/articles/mitsubishi-invests-c-20m-in-marimaca-copper-for-a-5-stake
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