Tag «Las Bambas»

Glencore Xstrata plc – Sale of Las Bambas Copper Mine Project

Glencore Xstrata plc (“Glencore”) has signed an agreement for the sale of its entire interest in the Las Bambas copper mine project (“Las Bambas”) to a consortium owned 62.5% by MMG Limited, 22.5% by GUOXIN International Investment Corporation Limited and 15.0% by CITIC Metal Co., Limited (the “Consortium”). The consideration for the transaction is approximately …

Glencore Xstrata: Proposed Sale of Las Bambas Copper Mine Project

16 July, 2013 In accordance with the Merger Remedy Commitments made to the Ministry of Commerce of the Peoples’ Republic of China (‘MOFCOM’) on 12 April 2013 (the “Remedy Commitments”) Glencore Xstrata today announces the commencement of a process to sell its entire interest in the Las Bambas copper mine project in Peru. Glencore Xstrata has appointed BMO Capital Markets Limited …