RE: Mitsubishi Corp buys 18% of Peru copper projec Thanks for the link swpb.
What Quellaveco has that Candente does not, is a miner with experience in Anglo American to get the copper out. Mitsubishi is not a mining company, but they do need the metal. They get 18% of a project that is just about twice the size of CN as far as projected production.
The good thing is that now JX Nippon Mining is still looking for a large enough project. And CN could fit their needs. If they were willing to pay around $800M for 18% of Quellaveco, they could buy CN 100% and get all the copper of a project half the size (and a few years less). Include CS and they most likely could get to a similar 28+ years mine life. What they would need then is the $1.5B to build the mine and that's where they would most likely want a partner with cash.
Anglo American is a giant and they wanted partners to develop a $3B project. As I said before we are talking big bucks and there are only a few big boys who would be willing or capable to spend that kind of money
jmho
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