Restructuring of PPC’s Resources Business and Transfer of Its Caserones Interests and Other Assets
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
0 other companies' latest entry also says "Achieved".
- FY2020AchievedAnnual report
「Under the agreement, effective April 2020, PPC's resource businesses, including its interests in the Caserones copper mine and exploration projects, were to be transferred to a joint venture subsidiary directly capitalized by JX Advanced Metals Corporation and Mitsui Mining & Smelting Co., Ltd., with PPC specializing in copper smelting operations, including raw material procurement, toll smelting and product sales.」
The restructuring of PPC's resource business reached the implementation stage in April 2020, with the transfer of the Caserones interests and exploration projects and PPC's specialization in copper smelting. - FY2020-Q3First statedAnnual report
「Under the agreement, effective April 2020, PPC's resource businesses, including its interests in the Caserones copper mine and exploration projects, were to be transferred to a joint venture subsidiary directly capitalized by JX Advanced Metals Corporation and Mitsui Mining & Smelting Co., Ltd., with PPC specializing in copper smelting operations, including raw material procurement, toll smelting and product sales.」
The basic agreement dated 19 December 2019 first set out the restructuring plan to transfer the Caserones copper mine interests and exploration projects to a joint venture subsidiary directly capitalized by JX Advanced Metals and Mitsui Mining & Smelting, enabling PPC to specialize in copper smelting.