Mitsubishi Corp's Copper World project investment expected to total $1.02 billion
HBM•Mitsubishi Corp approved development of the Copper World project in Arizona and expects to contribute an additional $423 million. Its cumulative investment in the project is expected to total $1.02 billion.
1. Project investment
Mitsubishi Corp approved construction and development of the Copper World project in Arizona, which it is jointly advancing with Hudbay Minerals. It expects to contribute an additional $423 million toward initial development, on top of a $420 million investment for a 30% ownership interest and a previously approved $180 million contribution toward future development costs.
