Mitsubishi Chases Chilean Iron Assets

Japan’s Mitsubishi is wants to buy a stake in Chilean iron ore producer Minera del Pacifico (CMP), according to Cap, which controls the miner. Cap adds that the size of the stake Mitsubishi would buy has not yet been determined. Mitsubishi already holds 50% of Cap’s Cia. Minera Huasco and 19.3% in Cap itself. Cap’s stock closed down 0.8% at CLP13,435.