The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.
Mitsubishi Mining News
Companies said over-staffing in the current environment was threatening the viability of their Australian operations.
Reassures companies at BHP and Mitsubishi's coal mine opening.
Australian Carbine Tungsten Limited (ASX: CNQ) has signed a bulk product shipment sales contract with Mitsubishi Unimetals Corporation Ltd (MCU).
Chile's state-owned mining company Codelco, the world's largest copper producer London-based Anglo American (LSE: AAL) should try reaching a negotiated solution to the ongoing dispute about Codelco’s stake in Anglo’s Sur unit, said British ambassador to Chile, Jon Benjamin.
A Chilean civil court told Japanese Mitsubishi today that it has three working days to respond to the lawsuit filed by Codelco in the context of the conflict with Anglo American. Codelco's legal action seeks to annul the $5.39 billion deal between Anglo and Mitsubishi, after the Japanese company sold its 24.5 percent stake in Anglo American Plc’s Sur unit.