China Minmetals and Glencore discuss $5.2bn Las Bambas project
China Minmetals is still in discussion with Glencore Xstrata over the $5.2bn Las Bambas copper project in Peru.
The Las Bambas copper project has more than 10.5 million tonnes of copper resources and is in an advanced phase of construction. It is scheduled to commence operations in 2015.
The project is expected to produce around 400,000t of copper annually during its first five years of operation, roughly comprising 2% of the world’s supply.
Read more at: http://www.mining-technology.com/news/newschina-minmetals-in-talks-with-glencore-over-52bn-las-bambas-copper-project-4189544
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