Mitsubishi Corporation acquired a 21% in Anglo American Quellaveco for $600m.

Mitsubishi Corporation, the Japanese trading house, acquired a 21.9% in Anglo American Quellaveco, which owns the $5.3bn Quellaveco copper project in Peru, for $600m. Mitsubishi already holds an 18.1% interest in AAQSA. Following the close of the transaction, Mitsubishi now holds a 40% interest in AAQA, with Anglo American retaining 60%. Mark Cutifani, Chief Executive of Anglo American, said: “The successful syndication of a 21.9% interest in Quellaveco confirms the world-class quality of our copper asset in Peru and aligns with our disciplined approach to how we allocate capital. We are pleased to be able to extend our longstanding partnership with Mitsubishi and look forward to its ongoing contribution and strong support for the development of Quellaveco.”