Chinese lead shortlist for Glencore’s $5.9 bln Peru mine
Oct 10 (Reuters) – Two groups of Chinese miners, in partnerships that will pit giant Chinalco against rival Minmetals, lead a shortlist of suitors for Glencore Xstrata’s $5.9 billion Las Bambas copper mine in Peru, according to sources involved in the process.
Glencore agreed this year to sell the Las Bambas project to meet demands from China’s competition authorities after its record-breaking takeover of mining group Xstrata. The Chinese regulator feared that the tie-up handed the newly formed commodities heavyweight too much power in copper.
http://in.reuters.com/article/2013/10/10/glencore-lasbambas-sale-idINL6N0HZ44D20131010
