Chilean, Japanese Cos. Team Up On $1.3B Copper Mine

Law360, New York (December 14, 2011, 6:19 PM EST) -- Antofagasta Minerals SA, a Chile-based mining company, will build a $1.3 billion copper mine in the country's mineral-rich north, boosted by a $350 million contribution from Japanese trading house Marubeni Corp., the company announced Wednesday.

Antofagasta, which shares its name with a northern Chilean province rich in copper deposits, said it expected to enter into a definitive agreement early next year and close the transaction for the Antucoya mine during the second half of 2012. Marubeni will take a 30 percent equity stake in the mine,...
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