Mitsui

  • November 25, 2024

    Mitsui Outbids Saudi Arabia for Stake in First Quantum’s Zambian Copper Mines

    BY Sophia Schmitz
    Mitsui, a major Japanese trading firm, has reportedly outbid Saudi Arabia’s Manara Minerals for a minority stake in Canada’s First Quantum Minerals’ copper mines in Zambia. This development, reported by Bloomberg on November 19, underscores the intense competition among global powers for Africa’s vital mineral resources. According to unofficial sources, Mitsui has offered approximately $2...
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  • November 21, 2024

    Mitsui Tops Bidding for Stake in First Quantum’s Zambian Copper Mines

    BY Sophia Schmitz
    Japan’s Mitsui has emerged as the highest bidder for a significant stake in First Quantum Minerals’s copper assets in Zambia, surpassing Saudi Arabia’s state-backed Manara Minerals Investment, according to a report by Bloomberg News on November 19. The offer reportedly involves acquiring a 20% stake in the Sentinel and Kansanshi mines for about $2 billion,...
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