The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.
Mitsui Mining News
Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.
The miner confirmed Friday it is in talks “with a potential investor,” but did not name its counterpart.
Japan already allocates 90% of its investment in Chile to mining.
Follows signing of FTA seen as major opportunity for Australian miners.