Date
11 December 2017

Glencore still in talks with Minmetals on Peru project, WSJ says

Glencore Xstrata PLC’s chief executive said talks are continuing with a consortium led by China Minmetals Corp. for sale of Glencore’s Peruvian Las Bambas copper project, the Wall Street Journal reported Tuesday. Ivan Glasenberg was quoted as saying that although talks are progressing, Glencore will sell the project only if gets a good price. Glencore agreed to sell the US$5.9 billion Las Bambas project as a precondition to secure Chinese regulatory approval for its US$29.5 billion purchase of Anglo Swiss miner Xstrata PLC in May. 

– Conytact HKEJ at [email protected].com

RA/RC

 

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