Acquisition of a 100% interest in the Caserones Copper Mine
First written in FY2021-Q2. 1 of 2 entries say "Achieved", first in FY2021-Q3. Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3AchievedAnnual report
「The transfer from MITSUI & CO.,LTD. was completed on 4 February 2021, and the transfer from Mitsui Mining & Smelting was completed on 5 February 2021.」
Regarding the Caserones copper mine, the acquisition of all interests from MITSUI & CO.,LTD. and Mitsui Mining & Smelting was completed in February 2021, bringing JX Advanced Metals Corporation's ownership to 100%. - FY2021-Q2First statedAnnual report
「JX Advanced Metals Corporation (hereinafter, "JX Advanced Metals Corporation") reached a basic agreement on 9 November 2020 to acquire all interests in the Caserones copper mine in Chile held by its joint investors, Mitsui Mining & Smelting Co., Ltd. (hereinafter, "Mitsui Mining & Smelting") and MITSUI & CO.,LTD. (hereinafter, "MITSUI & CO.,LTD."), representing 25.87% held by Mitsui Mining & Smelting and 22.63% held by MITSUI & CO.,LTD. As a result, JX Advanced Metals Corporation will own 100% of the shares of MLCC and the Caserones project company.」
Regarding the Caserones copper mine, a basic agreement was concluded to acquire the interests held by Mitsui Mining & Smelting and MITSUI & CO.,LTD. and to own 100% of the shares of the operating company and related entities. The completion of the acquisition and its impact on the consolidated financial statements were undetermined as of the filing date.