By Reuters Staff
3 Min Read
TOKYO (Reuters) - Japan’s Mitsubishi Materials Corp said on Friday it had completed its purchase of a 30% stake in Chile’s Mantoverde copper mine from Mantos Copper for $275 million, as the shift to a low carbon economy boosts demand for the metal.
FILE PHOTO: A monitor showing the logo of Mitsubishi Materials Corp is seen in Tokyo, Japan, November 24, 2017. REUTERS/Toru Hanai
Japan’s third-biggest copper smelter also said $520 million in project finance had been completed.
In a separate statement, Mantos Copper said the deal was the largest project finance completion in the mining sector since the onset of COVID-19.
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The following amendments has been made to the Q4 and Full Year 2020 Operational Update released on 4 February 2021 at 07:01 under RNS number 9919N - Sales of 4,264 mtV includes intercompany sales of 422 mtV , rather than sales of 4,264 mtV includes intercompany sales of 1,255 mtV as previously stated. - Sales of 1,268 includes intercompany sales of 15 mtV, rather than sales of 1,268 includes intercompany sales of 520 mtV as previously stated. - Sales of 3,333 mtV includes sales to customers of 2,911 mtV and intercompany sales of 422 mtV, rather than sales of 3,333 mtV includes sales to customers of 2,078 mtV and intercompany sales of 1,255 mtV as previously stated. - Sold 907 mtV in Q4 2020, of which 892 mtV were final sales to customers. The sales volume includes intercompany sales of 15 mtV, rather than Sold 907 mtV in
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Q4 and Full Year 2020 Operational Update Bushveld Minerals Limited (AIM: BMN), the AIM quoted, integrated primary vanadium producer and energy storage solutions provider, with ownership of high-grade assets in South Africa, ( Bushveld ), is pleased to provide an operational update for the fourth quarter and 12 months ending 31 December 2020 ( Q4 2020 and 12M 2020 ). Bushveld Vanadium § 12M 2020 Group production of 3,631 mtV was 24 per cent higher than 12M 2019 (12M 2019: 2,931 mtV), primarily as a result of the inclusion of Vanchem s production for the full 12-month period, partially offset by impact of the nationwide lockdown in South Africa during H1 2020. - Production was marginally lower than 2020 guidance of between 3,660 mtV and 3,940 mtV (less than one per cent).