Mitsubishi braces for new investments in Chile

Japan-based Mitsubishi Corp. is looking closely to its Chile investment plans, particularly in copper and iron ore assets after the recession ends. Masaki Kurita, chairman of Mitsubishi Chile, said he is determined to invest in Chilean mines and other metal resources if the economic situation begins to recover. "As far as this global situation goes, we need to be very careful with our investment," he added. "We will take a very cautious approach, but I''d like to make further investments in a steady way. This means looking at the economic crises, especially in the products we commercialise or distribute to the outside market," he noted, claiming he was interested in mines, copper or metal resources. Mitsubishi has a 10% share in Chile''s Escondida, the world''s biggest copper mine, as well as a stake in Antofagasta Minerals'' Pelambres mine. It has also tied up with Chilean steel and iron ore producer CAP.SN. Presently, Mitsubishi Chile is in the process of carefully examining all its investment plans. "Our original plan was to further increase iron ore as well as copper, so we need to review everything," he stressed.Nike Air VaporMax 2019