Minmetals Group to Buy Glencore Copper Project for $5.85 Billion
A group led by a unit of China Minmetals Corp. agreed to pay Glencore Xstrata Plc (GLEN) $5.85 billion for the Las Bambas copper mine in Peru.
“Since we acquired Xstrata, our team has taken decisive steps to de-risk Las Bambas, which has culminated in this compelling offer from the consortium,” Baar, Switzerland-based Glencore said today in a statement.
Read more at: http://www.businessweek.com/news/2014-04-13/minmetals-group-to-buy-glencore-copper-project-for-5-dot-85-billion
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