Mitsubishi Materials Seeks Copper Contract From Oyu Tolgoi Mine
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Mitsubishi Materials Corp., Japan’s third-biggest copper producer, said it’s seeking a long-term contract to source the metal from Mongolia’s Oyu Tolgoi mine.
The company and Japanese trade house Mitsui & Co. have signed a contract with Oyu Tolgoi LLC to import 5,000 metric tons of copper concentrate from Mongolia on a trial basis, Tatsuya Inoue, general manager of Mitsubishi’s raw materials division, said today in an interview at its Tokyo headquarters.