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Mitsubishi Group to Invest Over 50 Bln Yen in Chile Mine: Nikkei
Apr 14, 2010 08:51Source:SMM
April 14 (Bloomberg) -- Mitsubishi Corp., JX Holdings Inc. and Mitsubishi Materials Corp. will pay more than 50 billion yen ($537 million) to increase their combined stake in Chile’s Escondida copper mine to about 12.5 percent from 10 percent, Nikkei English News reported, without saying where it got the information.
The companies will acquire the 2.5 percent interest from International Finance Corp. The deal will be financed with bank loans and the Japanese government-backed Japan Bank for International Cooperation.
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