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GlencoreXstrata close to selling Peruvian copper project to China Minmetals
作者:yu 时间:2014-03-19 11:51:04
Commodities and mining giant Glencore Xstrata Plc is close to reaching a deal on the sale of its Las Bambas Peruvian copper project to a Chinese consortium led by China Minmetals Corp for more than $5 billion.

The management of both Glencore and state-controlled China Minmetals met yesterday for a final meeting in London to sign an agreement, The Wall Street Journal yesterday reported, citing people familiar with the situation.

Glencore has been forced to sell Xstrata's largest greenfield Las Bambas copper project in Peru as part of a deal with the Chinese regulators for approving its $76-billion merger with mining giant Xstrata.

Details: www.chinatungsten.com
E-mail: info@chinatungsten.com
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