News

Mitsubishi Materials Corporation ("MMC") announced on March 28, 2025 that it had agreed to transfer all of its shares in Copper Mountain Mine (BC) Ltd. (Headquarters: Canada, a 25% owned by MMC) through its consolidated subsidiary, MM Copper Corporation (Headquarters: Canada, 100% subsidiary) to its JV partner Hudbay Minerals Inc. (Headquarters: Canada) for a total consideration of up to US $44.25 million. MMC is hereby pleased to announce that the sale was successfully completed on April 30, 2025.

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Press release on March 28, 2025
Sale of Interests in Copper Mountain Mine, Canada
URL: https://www.mmc.co.jp/corporate/en/news/2025/news20250328.html

MMC will continue to strive to increase its corporate value, aiming to become a leader in the recycling of nonferrous metals, which is the goal of the Metals Company in the Medium-term Management Strategy FY2031.

(Reference) Overview of Copper Mountain Mine

Year of operation

2011

Interest ratio

(Before the sale of interests)
Hudbay Minerals Inc. 75％, Mitsubishi Materials Corporation 25%
(After the sale of interests)
Hudbay Minerals Inc. 100%

Product

Copper concentrate

Annual production

26,000 tons (Based on copper volume, 2024 results)