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JXTG declines to comment on Caserones copper mine sale report in Chile

Mining News - Published on Wed, 24 Apr 2019

Image Source: Business Wire
JXTG Holdings, a Japanese oil refiner and miner, declined to comment on a media report that it is exploring the sale of its majority-owned Caserones copper mine in Chile. The Wall Street Journal said that JXTG is exploring the sale of Caserones, which could gain the company about USD 1 billion, citing people familiar with the matter.

A spokesman at JX Nippon Mining & Metals, a mining and smelting unit of JXTG Holdings, said that “We can’t comment on the report as that is not something that we have decided.”

Meanwhile, the Caserones project is 51.5 percent owned by JX Nippon Mining, 25.87 percent by Mitsui Mining and Smelting Co Ltd and 22.63 percent by Mitsui & Co.

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Posted By : Rabi Wangkhem on Wed, 24 Apr 2019
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