LONDON: Anglo American is to sell two Chilean copper mines to investment firm Audley Capital for US$300mil, the company said, as it delevers its balance sheet to help combat a global slump in commodity prices.
Orion Mine Finance Group is principal co-investor with Audley for the open-pit Mantos Blancos and Mantoverde mines. The deal includes conditional future payments which could boost the eventual price tag by US$200mil, Anglo American said.
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