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Mitsubishi Corp Including The Additional Equity Contribution, Mc’S Cumulative Investment In The Project Is Expected To Total $1.02 Billion

By Reuters News

Oct 21 (Reuters) - Mitsubishi Corporation 8058.T:

  • MITSUBISHI CORP: APPROVES DEVELOPMENT OF THE COPPER WORLD PROJECT IN THE U.S.

  • MITSUBISHI CORP: APPROVED CONSTRUCTION AND DEVELOPMENT OF THE COPPER WORLD PROJECT IN ARIZONA WHICH IS BEING JOINTLY ADVANCED WITH HUDBAY MINERALS

  • MITSUBISHI CORP: EXPECT TO MAKE AN ADDITIONAL EQUITY CONTRIBUTION OF $423 MILLION TOWARD THE INITIAL DEVELOPMENT OF THE PROJECT

  • MITSUBISHI CORP: THIS IS IN ADDITION TO THE $420 MILLION INVESTMENT FOR MC’S 30% OWNERSHIP INTEREST AND $180 CONTRIBUTION TOWARD FUTURE DEVELOPMENT COSTS APPROVED

  • MITSUBISHI CORP: INCLUDING THE ADDITIONAL EQUITY CONTRIBUTION, MC’S CUMULATIVE INVESTMENT IN THE PROJECT IS EXPECTED TO TOTAL $1.02 BILLION

Source text: [ID:]

Further company coverage: 8058.T

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