Mitsubishi Materials to Buy 20% Stake in $1.5 Billion Zafranal Copper Mine Project in Peru

CORDOBA, ARGENTINA--July 18, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian mining company AQM Copper Incorporated (TSX:AQM) (AQM) (Vancouver) signed an agreement with Mitsubishi Materials Corporation (Tokyo, Japan), in which Mitsubishi bought an indirect 20% stake in the Zafranal project in Peru. The project is being developed by Compania Minera Zafranal SAC (Lima, Peru), a 50:50 joint venture between AQM Copper Peru SAC (Lima, Peru) and Teck Resources Limited (NYSE:TCK) (Vancouver, Canada).