Mitsubishi Corporation to acquire a 30% stake in Copper World from Hudbay Minerals for $600m.

Mitsubishi Corporation, agreed to acquire a 30% stake in Copper World, an owner of the fully-permitted Copper World project in Arizona, from Hudbay Minerals, a Canadian mining company, for $600m. “Securing Mitsubishi as a 30% partner in Copper World is an important milestone for Hudbay as we establish a long-term strategic partnership to advance this high-quality copper project towards sanctioning and to unlock significant value in our copper growth portfolio," Peter Kukielski, Hudbay President and CEO.