Metals & Mineral Resources Division News & Topics
Acquisition of Mining Usufruct Right of a New Copper Mine in Chile
Mirador copper mine, Chile
In August 2010, Marubeni acquired mining usufruct right at the Mirador Copper Mine in Chile through Minera El Tesoro (MET), a company in which Marubeni holds a 30% stake.
Together with existing interests, MET has increased its copper mine reserves to 300 million tons.
Production Capacity Expansion at Australia's Lake Vermont Coal Mine
Lake Vermont coal mine in Australia
In December 2010, the decision was made to double current annual production at Australia's Lake Vermont Coal Mine to 8 million tons by 2013. Marubeni has a 33% interest in the mine.
This coal mine has rich reserves that will permit long-term operations to continue after the expansion.
Start of Copper Concentrates Shipments at the Esperanza Copper Mine in Chile
Esperanza copper mine, Chile (processing plant area)
The first shipment of copper concentrates from Chile’s Esperanza copper mine left the Chilean port of Antofagasta in January 2011 bound for Japan. Marubeni has a 30% stake in the mine.
Copper concentrates production at the mine is expected to climb to roughly 700,000 tons per year.
