JX Mining & Metals Corporation: Transfer of shares in Chilean mining operations
- Hirokatsu TakahashiMaya Ito
Leading Japanese law firm Nishimura & Asahi has advised JX Mining & Metals Corporation (“JX Mining”), a unit of JXTG Holdings, Inc., on its transfer of shares in the Collahuasi mine and the Los Pelambres mine, two major copper assets in Chile.
As part of the transaction, JX Mining sold a stake in Collahuasi to Mitsui & Co., Ltd. and bought a stake in Los Pelambres from Mitsui. Los Pelambres is currently one of the largest copper reserves in the world.