Nittetsu Mining Expands with Chile Copper Project

Nittetsu Mining Co., Ltd. (JP:1515) has released an update.

Nittetsu Mining Co., Ltd. has announced a joint venture with Camino Minerals Corporation, acquiring a 50% interest in the construction-ready Puquios Copper Project in Chile, which aligns with their strategy to produce 50 thousand tons of copper annually by FY2033. The company will commence additional environmental approvals and permits to begin construction, with expectations of increased production volume through new explorations and innovative techniques. This move builds on their existing Chilean operations and long-term presence, although the immediate financial impact on the company is projected to be minimal.

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