JX Advanced Metals Corporation
Notice Regarding Partial Transfer of Shares of SCM Minera Lumina Copper Chile, Operator of Caserones Copper Mine, and Transfer of Copper Mine Development Project Interests in the Frontera Area
JX Nippon Mining & Metals Corporation will transfer 5% of MLCC shares and Frontera project interests for a total of 215 million USD (approximately 34 billion JPY), scheduled for execution in April 2026.
Key Figures
- Transfer Amount: 215 million USD (approximately 34 billion JPY)
- MLCC Share Transfer Ratio: 5%
- MLCC Ownership Ratio after Transfer: 25%
AI要約
Overview of the Transfer
JX Nippon Mining & Metals Corporation has decided to transfer 5% of the shares of SCM Minera Lumina Copper Chile (MLCC), the operator of the Caserones copper mine in the Republic of Chile, and the copper mine development project interests in the Frontera area to LMC Caserones, a wholly owned subsidiary of Lundin Mining Corporation, for a total of 215 million USD (approximately 34 billion JPY). Priority rights for copper concentrate and refined copper from the Caserones copper mine will be maintained after the transfer.
Background and Future Outlook of the Transfer
This transfer is based on the JX Nippon Mining & Metals Group’s 2040 long-term vision aiming to accelerate growth in focus businesses such as semiconductor materials and optimize the resource business. The transfer will appropriately control risks in the copper resource business while improving capital efficiency. The proceeds will be allocated to expanding manufacturing facilities for sputtering targets for semiconductors and acquiring rare metal resources. The transfer is scheduled for execution in April 2026 and is expected to have a minimal impact on earnings.
